RESPONSIBLE LENDING – MAKING CERTAIN YOU’LL AFFORD THE MORTGAGE

Since 2010, brand new lending that is responsible arrived into force for many consumer loans. Under these laws and regulations loan providers need to take specific actions to make sure:

  • customers get loans which can be suited to their purposes and
  • customers are able to repay their loans without substantial difficulty.

From 2013 extra accountable financing rules affect SACCs in particular. These guidelines say that:

  1. payday loan providers cannot simply take protection (eg. Weiterlesen