Almost all loan agreements can be revoked - European Court of Justice

  • Erstellt am 2020-03-27 22:26:06
J

Joedreck

2020-03-29 13:41:23
  • #1
Then they submit the instruction correctly afterwards and you still have 14 to respond.
 
N

nms_hs

2020-03-29 14:17:38
  • #2
That is stated exactly like that in mine, too. DSL 2015, but with 3 more examples.

The KFW loan has a reference to EU law, which seems to be allowed.


Why do you want to wait another 1-2 years?
 
S

Specki

2020-03-29 14:23:33
  • #3
I did a bit more research now. Apparently, in the case of a cancellation, all paid interest is also refunded. Therefore, banks should now react very quickly on their own and issue a contract amendment or something similar, otherwise every borrower to whom this applies can wait until the end of the fixed interest period, then cancel and get all the paid interest back.

hmm interesting.
 
T

Tassimat

2020-03-29 14:33:38
  • #4
Apparently, it only concerns contracts from June 2010 to March 2016 according to various news sites. Exactly during this period, the wording was standard.

I strongly doubt that you get the interest back. At least in my more recent contract, it is explicitly stated that I have to pay all interest between disbursement and revocation accordingly.
 
S

Specki

2020-03-29 14:36:33
  • #5

My contracts from 2015 fall exactly within that period


According to the WBS law firm, it is indeed the case that you get the interest back, even if the contract explicitly states that already paid interest is not refunded upon revocation. Apparently, this was regulated by the legislator...
(SOURCE: Comment from WBS law firm under the mentioned YouTube video)
 
M

Maschi33

2020-03-29 15:20:14
  • #6

Of course, one can claim a lot when trying to attract customers. On what grounds should one get the paid interest back on a loan amount that was demonstrably made available? That makes no sense at all.
 

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