On the 20th of February 2006 new anti-usury law has come into force. This is the Act of July 7' 2005, amendment of the Civil Code and of the Consumer Credit Act. This new regulation of art. 359 § 2'-359 § 23 of the Civil Code states maximal interest rates, for any credit transaction, on the level of quadruple Polish National Bank Lombard rate. New regulations of Consumer Credit Act dictate that all...
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