recent translations summaries

2015. February 2.

Decision 2/2015 on retail loan contracts

Decision number: Decision 2/2015. (II. 2.)
Subject of the case:

Retail loan contracts

Legislation on retail loan contracts that allows banks to unilaterally raise interests on foreign currency-denominated loans, laid the groundwork for requiring lenders to compensate retail borrowers for making unilateral changes to contracts and for using exchange rate margins when calculating repayments for foreign currency-denominated loans.