2021-03-10

Instruction (Archive) No. 3/2021

Banco de Portugal issued Instruction No. 3/2021 to publish the maximum interest rates applicable to consumer credit contracts for the second quarter of 2021. This directive mandates compliance with the caps established under Decree-Law No. 133/2009 for credit institutions and financial companies. The regulation entered into force on April 1, 2021, and applies to all supervised entities offering consumer credit in Portugal.

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Instruction (Archive) No. 3/2021

Summary

Publishes, for the 2nd quarter of 2021, the maximum rates to be applied in consumer credit contracts under Decree-Law No. 133/2009 of June 2.

Status

In force

Official Journal

2/2021 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

10-03-2021

Disclosure Date

09-03-2021

Entry into Force

01-04-2021

Recipient Type

Credit Institutions, Finance Companies

Recipients

Banks, Central Credit Agricultural Mutual Fund, Agricultural Credit Mutual Cash Boxes, Agricultural Credit Mutual Cash Boxes (not belonging to SICAM), Savings Banks, Mortgage Credit Institutions, Credit Financial Institutions, Factoring Companies, Mutual Guarantee Companies, Investment Companies, Leasing Companies, Credit Finance Companies

Theme :: Subtheme

Conduct Supervision

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