Regulatory Alerts2025-10-28 | 51/1Added · Updated
On the petition registered with the National Financial Market Commission No. 6214 dated 19.08.2025 regarding OCN „OK CREDIT” SRL
The National Financial Market Commission of Moldova issued Decision No. 51/1 finding that OCN „OK CREDIT” SRL violated consumer credit legislation by misrepresenting contract terms, failing to properly disclose pre-contractual information, and unlawfully charging origination and administration fees that exceeded the statutory daily limit of 0.04 percent of the total credit amount. The Commission ordered the creditor to apply the legal consequences of these violations, including the mandatory return of all collected fees, penalties, and interest beyond the principal disbursed amount, while waiving its right to claim such payments. Furthermore, OCN „OK CREDIT” SRL must review its entire active credit portfolio within 120 days to identify affected borrowers, notify them of their rights to refund excess charges, and report compliance actions to the Commission monthly.