On May 14, LTH CB published Res on calculation of rate percentage.
LTH CB published Resolution 2026/03-53 of May 14, 2026 amending Resolution No 03-245 of the Board of the Bank of Lithuania of Nov. 29, 2012 on the Approval of the Rules for the Calculation of the Annual Percentage Rate of Charge for Consumer Credit.
Document dated May 14, 2026, was received on Jun. 12, 2026 due to a fixed feed.
Purpose
When calculating the annual percentage rate of charge for the total consumer credit, the total cost of the consumer credit for the consumer credit recipient is determined.
The total cost of the consumer credit shall include all costs specified in art 2(2) of the Law on Consumer Credit, but not penalties or interest paid by the consumer credit recipient and other costs incurred due to his failure to fulfil his loan obligations.
Or taxes for the acquisition of goods or services, except for the price of the goods or services that he must pay, regardless of whether the transaction is paid for in cash or from the total amount of the consumer credit; other changes concern time periods.
Effectiveness
The resolution enters into force on Nov. 20, 2026.
Regulators
LTH CB
Entity Types
Bank; CNSM
Reference
Res 2026/03-53; OG 2026-08150, 5/14/2026; Res O3-245, 11/29/2012
