Regulatory Alerts2024-03-06
Instruction (Historical) No. 3/2024
The Bank of Portugal issued Instruction No. 3/2024 to publish the maximum interest rates applicable to consumer credit contracts for the second quarter of 2024 under Decree-Law No. 133/2009. This directive mandates that credit institutions and financial companies adhere to these specific rate caps effective from April 1, 2024. The instruction serves as a regulatory update to ensure compliance with consumer credit pricing standards during the specified period.
Instruction (Historical) No. 3/2024
Summary
Publishes, for the 2nd quarter of 2024, the maximum rates to be applied in consumer credit contracts under Decree-Law No. 133/2009, of 02-06.
Status
Expired
Official Journal
2/2024
Supplement
Descriptors
Customer, Contract, Consumer Credit, Consumer Defense, Member State, Third Countries, Bank Branch, Supervision, Conduct Supervision, Effective Annual Percentage Rate of Charge (APRC)
Publication Date
06-03-2024
Disclosure Date
06-03-2024
Entry into Force Date
01-04-2024
Recipient Type
Credit Institutions, Finance Companies
Recipients
Banks, Central Credit Agricultural Mutual Society, Agricultural Credit Mutual Caixas, Agricultural Credit Mutual Caixas (not belonging to SICAM), Savings Banks, Mortgage Credit Institutions, Credit Finance Institutions, Factoring Companies, Mutual Guarantee Companies, Investment Companies, Finance Lease Companies, Credit Finance Companies
Theme :: Subtheme
Conduct Supervision
To improve your browsing experience, this site uses anonymized information provided by cookies. Cookie Policy
Cookies are text files or documents that contain small amounts of information that are downloaded and stored on the user's device, via their browser, when visiting a web page. Cookies can be categorized according to the purpose they serve. There are cookies that are strictly necessary for the functioning of the site, while others collect statistical information in order to analyze the use of the site and its performance or are used to ensure the provision of additional functionalities to the site or to save the visitor's preferences regarding navigation, whenever you use the same device. This cookie policy is an integral part of the personal data protection policy. Learn more about these policies
Strictly Necessary Cookies
Always active These cookies are necessary for the website to function and cannot be switched off in our systems. Normally, they are only configured in response to actions taken by you which correspond to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can configure your browser to block or alert you about these cookies, but some parts of the website will not work. These cookies do not store any personally identifiable information.
Performance Cookies
Performance cookies These cookies allow us to count visits and traffic sources so that we can measure and improve the performance of our website. They help us to know which pages are the most and least popular and to see how visitors move around the website. All information collected by these cookies is aggregated and, therefore, anonymous. If you do not allow these cookies, we will not know when you visited our site.
Advertising Cookies
Advertising cookies These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant ads on other websites. They do not store personal information directly, but are based on the unique identification of your browser and internet device. If you do not allow these cookies, you will have less targeted advertising.
Cookie List
| Checkbox Label | Label | Consent | Leg.Interest |
|---|---|---|---|
| [ ] | [ ] | [ ] | [ ] |
| [ ] | [ ] | [ ] | [ ] |
| [ ] | [ ] | [ ] | [ ] |
| [ ] | [ ] | [ ] | [ ] |