Regulatory Alerts2026-07-17
Added · Updated
Decision on the Detailed Method, Requirements, and Procedure for the Consumer Creditworthiness Assessment
The Council of the Central Bank of Montenegro prescribes detailed methods and requirements for consumer creditworthiness assessments, mandating that creditors evaluate existing obligations, income history, and potential risks before granting loans or increasing amounts. Creditors must verify income securely, consider factors like interest rate changes and retirement age, and define internal procedures for determining minimum living costs. The decision requires keeping specific loan documentation for the agreement's duration or until court proceedings conclude, and prohibits granting loans based on wrongly presented information.
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