Uprawnienia kredytobiorcy zaciągającego kredyt denominowany lub indeksowany do waluty innej niż polska w świetle ustawy antyspreadowej

• Authors: Magdalena Paleczna , Edyta Rutkowska-Tomaszewska

Title variants

EN

Rights of the borrower committing denominated or indexed loan in a foreign currency in light of the Anti-spread Act

• Languages of publication: PL

Abstracts

EN

In 2004–2008 banks offered consumer denominated loan in a foreign currency, which was a competitive position in relation to a PLN credit facility. Banks had not informed about foreign exchange differences, therefore had caused increase in household indebtedness. Banks also had reserved that consumer has to buy currency only from the bank-lender. In 2011 the Anti-spread Act was adopted, which amended banking law and consumer credit law. Creditors were obligated to inform consumer about rules of determining the manners and dates of fixing the currency exchange rate on the basis of which in particular the amount of credit, its tranches and principal and interest instalments are calculated, and the rules of converting into the currency of credit disbursement or repayment. That information and information about the rules of opening and operating the account shall be concluded in a credit contract. Borrower can repay principal and interest instalments and prepay the full or partial amount of the loan directly in that currency.

Keywords

EN

denominated loan in a foreign currency; borrower rights; credit spread; early repayment of credit; consumer protection

• Publisher: Wydawnictwo Uniwersytetu Wroclawskiego
• Journal: Ekonomia. Wrocław Economic Review
• Year: 2018
• Volume: 24
• Issue: 1
• Pages: 39 - 56

Contributors

author

Magdalena Paleczna

• Uniwersytet Wrocławski

author

Edyta Rutkowska-Tomaszewska

• Uniwersytet Wrocławski