Based on a ruling by the Supreme Court in January 2024, thousands of borrowers in Austria could soon be able to look forward to a refund of up to several thousand euros. In its most recent ruling (2 Ob 238/23y), the Supreme Court (OGH) declared a clause illegal that included a one-off processing fee of four percent of the loan amount as well as additional expenses and costs that were considered non-transparent and inadmissible. A reclaim of the additional fees and loan charges may be possible retroactively for up to 30 years.
“The same now applies to overpaid rent due to inflation adjustments through the incorrectly applied value protection clause, as several judgments have already confirmed,” reports Managing Director and Founder of – Ing. Ronald Mechtler, BA, MBA.
When concluding the contract, do you remember various fees that you were unable to identify, or are you concerned that fees were charged twice?
Quickly perform the self-test or our Contact team directlyto carry out a non-binding, free and discreet contract review! Where can you find the fees? In your loan agreement or in your rental agreement. If you no longer have this, request it immediately from your bank or the owner. We will help you to review the contracts or to communicate with your bank and your landlord via our partner law firm.
Requirements for a refund of loan fees and first steps:
In order to claim back loan processing fees, a few conditions must be met. You can look for the following keywords in your contract:
- Processing fee, credit fee, credit processing fees, transfer fees, collection fees, postage and printing costs, delivery fee, printing costs, account management fee, appraisal fee
- The loan agreement was concluded between a bank and you as a private individual, as a consumer.
- The loan may still be running or may already have been paid off or completed.
- It is a housing, home or consumer loan.
- The contract was concluded up to 30 years ago (from the year 2000*).
Examples of repayment amounts based on a real estate loan from 2005:
- Loan amount: € 700,000
- Processing fee: 3% + additional fees
- Resulting in a possible refund amount of: up to € 21,000
Check cost risk:
You can contact us as a litigation funder at any time by email, telephone or via the contact form at: credit fee lawsuit/ and use our services. We bear the cost risk in the event of a negative refund. No advance payments are necessary from you. In the event of success, we receive a pro rata success fee based on the amount repaid.
You can find more information about us on our website, as well as on kurier.at and krone.at
In addition to lawsuits against inadmissible processing fees, we also offer litigation funding against unlicensed online and crypto casinos. We are happy to help you reclaim your gambling losses and now also give you the opportunity to apply the rent control yourself in order to receive a refund for rent that you have overpaid.
Further contact details and ways to contact us:
RM Process Financing GmbH
Opernring 1/R 745-748, A-1010 Wien
UID: ATU77382636
Contact: [email protected]
Tel.: +4367764331130
