Clipping of news on Brazilian Culture, Law and Citizenship
09/02/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Since July 2013 it is compulsory to detail, the composition of costs in loans in amounts and percentages . This measure is necessary to enable the consumer to be aware of the costs involved in all types of loans . The measure aimed at increasing transparency in the financial sector , was announced by President Dilma Rousseff in March 2013 through the announcement Plandec ( National Plan Consumption and Citizenship ) for the purpose of assisting the consumer protection agencies to resolve conflicts and prevent the consumer search Justice to resolve disputes .
The TEC ( Total Effective Cost ) in loans is mandatory since 2008 , when it entered into force on Resolution No. 3.517/2007 of the CMN and the Central Bank , which determined the inclusion of the cost of the loan with an interest rate in percentage . In this case , the consumer had access to effective interest rate and the rate to the sum of the hidden costs in credit.
But now, with the new measures , credit institutions shall provide the consumer detailing the credit requested , specifying the name of each expense that will be added to the operation and their percentage share in the total value of the credit .
The previous criteria did not allow the consumer to know what charges were added in the operation of credit beyond the effective interest rate . This condition enabled , and the IOF ( Tax on Financial Operations ) provided by law , the inclusion of services such as insurance and fees to the amount requested and financed , often without the consumer's consent , by raising the credit and interest rate resulting in greater that informed , identified as CET .
With the new law , the expectation is that financial institutions and establishments that offer credit to adopt measures to increase transparency and to strengthen the relationship with consumers in compliance with the principles of the CDC ( Consumer Protection Code ) . It is up to the consumer demand compliance with Resolution No. 4.197/2013 and Circular Letter no . 3.593/2013 whenever you need to get credit and look for a financial institution or commercial establishment .
The table below is an example of the TEC should be made:
" It is worth remembering that the consumer must receive a copy of the credit agreement and , before committing the transaction , access data , and the right to challenge the charges that are identified in the contract as binding . When in doubt , consumers should consult Procon your city or the central bank , "explains economist Idec , Ione Amorim .
tips
• Request the calculation of cost-effective full detail before finalizing on actual hiring ;
• Request the contract with all information held in credit ;
• Report to the absence of information Procon or suspected violation of the law .
Source : UOL - Modern Consumer
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This article was translated by an automatic translation system, and was therefore not reviewed by people.