Remove the penalty fee for early repayment of the loan –

/ world today news/ Mandatory renegotiation of already concluded bank credit contracts will be proposed for a vote in the parliament, “Standard” learned from deputies.

The idea is that the new changes in the Law on Consumer Credit will also apply to the old contracts, and for this purpose, banks will not have the right to deny their customers a request to renegotiate the already withdrawn loan.

If you took out a mortgage loan for a term of 10 years and 5 years have passed, the bank will have to agree to sign an annex to it, which will remove the penalty fee for early repayment of the loan, deputies explained. However, the deputies themselves admit that the idea may not pass the vote in the plenary hall.

So far, about 50 MPs from various parliamentary groups have indicated that they will support the above-mentioned idea. At the same time, representatives of non-bank credit institutions stated at a press conference that capping the annual percentage rate (APR) for quick loans is not a suitable option. Bad guys with clubs and moneylenders will come in our place, said the executive director of one of the fast loan companies. During this press conference, the Committee on Budget and Finance adopted changes in 4 laws in 30 minutes. The municipal fee for issuing certificates of absence of obligations should be abolished from January 1, 2015, the deputies decided in the first reading. The reason for this is that the removal of the fee will cost BGN 550,000 to the municipal budgets, and the hole must by law be covered by the republican budget, and funds for 2014 are not foreseen.