Regulatory Alerts2018-09-04
Added · Updated
Law on the Protection of Financial Service Consumers
The National Assembly of Serbia enacted this law to regulate the rights of consumers utilizing banking, leasing, and financial arrangement services. It mandates strict transparency requirements, including clear advertising, pre-contractual information, and the disclosure of effective interest rates to ensure equitable treatment. The legislation establishes a 14-day right of withdrawal for consumers and imposes professional competence standards on financial service providers and their employees.
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