Loan And Mortgage Information

Clauses in contracts of banks

by admin on 07/03/09 at 2:25 am

Once again, the banking system will show full of unfair contract terms to its customers.
How many of us got variable rate mortgages for the most denouncing the existence of the so-called floor (floor), which have been limited to providing, or Euribor reduction in the discount rate, is not paid a parallel reduction of the installment Mutual, once the percentile stood below the values set as “floor” in the contract.

The “code of the consumer” under the law of this Community since 1996 - considered the unfair clauses in contractual relations between consumers and professionals, to determine the consumer a significant imbalance of rights and obligations under the agreement.

Consumer Associations, the National Notary Association and the Italian Banking Association have shared an arrangement of “financing contract entered into land in a single act” and chapters of general terms and conditions. ”
This scheme was developed taking into account the regulatory principles that protect the consumer and can be taken in relation to the assessment of the draft contract proposed by the banks before any conclusion of the contract by a notary.