On Nov. 22, LTH PRL published CB resolution amending existing rules.
LTH PRL issued LTH CB Resolution 03-146 of Nov. 21, 2024 amending Resolution 03-180 of Dec. 2016 on rules for filling out standard information on credit form.
Overview
Changes para 2 of clause 24.3 on requirements not applying to credit agreements.
I.e. those according to which credit interest rate is fixed for specific initial period of several years, and later, based on negotiations between creditor and credit recipient, a fixed credit interest rate can be determined for following period [...].
Also amends point 32 referring to credit interest rate; if variable credit interest rate, information submitted must indicate this fact using wording provided in Form and provide example of maximum installment amount.
When variable interest rate is capped, example shows payment sum based on loan interest rate increased to cap [...].
Effectiveness
The resolution enters into force on May 1, 2025.
Regulators
LTH CB; LTH PRL
Entity Types
Bank; CNSM; Corp
Reference
OG 20354, 11/22/2024; Res 03-146, 11/21/2024; Res 03-180/2016
