Friday, October 10, 2014

Statutory interest is against the law? – Interia

Statutory interest is against the law? – Interia

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The amount of statutory interest rate exceeds the level allowed by law antylichwiarską / © 123RF / Picsel

The idea is that for the first time in Poland there was an absurd situation: as a result of Wednesday’s interest rate cut by the Monetary Policy Council statutory interest proved to be usurious. Reached the level of 13 per cent., While – under current law – may not exceed 12 percent.

height easily count the statutory interest on the calculator

Experts warn that if the government does not immediately reduce the amount of interest, it will cost you dearly, not only the company, but an average Joe, who charged illegal statutory interest will inevitably appeal to the court by charging the occasion justice additional responsibilities – informs “Rzeczpospolita”.

The Justice Minister announced that if the adjustment provisions will be necessary, it will happen quickly.

Source Information: PAP

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