2019-03-13
Banco de Portugal issued Instruction No. 6/2019 to publish the maximum interest rates applicable to consumer credit contracts for the second quarter of 2019. This directive implements Article 28 of Decree-Law No. 133/2009 and applies to credit institutions and financial companies operating in Portugal. The rates became effective on April 1, 2019, and are based on the legal framework established by Law No. 5/98.
Summary Publishes, for the 2nd quarter of 2019, the maximum rates to be applied in consumer credit contracts under Decree-Law No. 133/2009 of June 2.
Status In force
Official Journal 2/2019
Supplement Law
Enabling Law Law No. 5/98 of January 31, Art. 17; Decree-Law No. 133/2009 of June 2, Art. 28.
Descriptors Client, Contract, Consumer Credit, Consumer Defense, Member State, Third Countries, Bank Branch, Supervision, Conduct Supervision, Effective Annual Percentage Rate of Charge (EAPRC)
Regulated Instrument Instruction 14/2013 :: Decree-Law No. 133/2009 of June 2
Publication Date March 13, 2019
Disclosure Date March 13, 2019
Entry into Force Date April 1, 2019
Recipient Type Credit Institutions, Finance Companies
Recipients Banks, Central Credit Agricultural Mutual Society, Agricultural Credit Mutual Savings Banks, Agricultural Credit Mutual Savings Banks (not belonging to SICAM), Savings Banks, Mortgage Credit Institutions, Credit Financial Institutions, Factoring Companies, Mutual Guarantee Companies, Investment Companies, Financial Leasing Companies, Credit Finance Companies
Theme :: Subtheme Conduct Supervision
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