Charging Customers for Legal Fees

Supervisor of Banks: Proper Conduct of Banking Business (12/95) Charging Customers for Legal Fees Page 409- 1 ONLY THE HEBREW VERSION IS BINDING CHARGING CUSTOMERS FOR LEGAL FEES Introduction

1. Some banking corporations charge customers whom they are suing, for legal fees and
   other court costs, in connection with the court case and in the course of the process. Time and amount of charge
2. A banking corporation shall not charge customers or demand legal fees or other court
   costs from them in connection with a legal process until the conclusion of that process, and the amount shall be as determined by the court or other judicial authority as legal fees and court costs. Execution
3. Despite the aforesaid, in the course of the execution process, if specific legal fees have
   not been determined, the banking corporation is entitled to charge the customer for the minimum fee set under section 81 of the Chamber of Advocates Law, 5721–1961.

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