2023-03-09

Instruction (Historical) No. 7/2023

Bank of Portugal issued Instruction No. 7/2023 to publish the maximum interest rates applicable to consumer credit contracts for the second quarter of 2023. The directive mandates compliance with these rates under Decree-Law No. 133/2009 for designated credit institutions and financial companies. The instruction entered into force on April 1, 2023, and is now expired.

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Instruction (Historical) No. 7/2023

Summary Publishes, for the 2nd quarter of 2023, the maximum rates to be applied in consumer credit contracts under Decree-Law No. 133/2009 of June 2.

Status Expired

Official Journal 2/2023 3rd Supplement

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 (APRC)

Regulated Instrument Instruction No. 14/2013 :: Decree-Law No. 133/2009 of June 2

Publication Date 09-03-2023

Disclosure Date 09-03-2023

Entry into Force 01-04-2023

Recipient Type Credit Institutions, Finance Companies

Recipients Banks, Central Credit Agricultural Mutual Credit 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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