Clipping of news on Brazilian Culture, Law and Citizenship
05/16/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
SAO PAULO - Senate approved on Tuesday (15), Bill 636/2011 which provides discounts for consumers who quitarem contracts for loans and leases in advance.
The proposal, authored by Senator Lidice da Mata (PSB-BA) and approved by EAC (Economic Affairs Committee) provides proportional reduction of interest and other possible additions, according to the anticipation.
According to the text, is also forbidden to levy any penalty for prepayment of financial transaction, and also requires the inclusion in contracts, spreadsheet detailing the tax levied on the parcels and a clause specifying the discount rate applicable on the settlement or amortization.
Even if a consumer's right to prepayment, Lidice said there are abuses in the formalization of credit agreements. She said both the CDC (Consumer Code) and the resolutions of the CMN (National Monetary Council) are lacking in the regulation of the subject.
According to the rapporteur and senator, Armando Monteiro (PTB-PE), the proposal puts an end to the ambiguity of the legislation. "In substance, the proposal consolidates and removes the ambiguity of the legislation on the subject of the consumer's right to financial services to the amortization or early settlement of loans and leasing. Today, such a framework is scattered in provisions of the Code of Consumer Protection and the National Monetary Council resolutions. "
Amendment
According to the Agency the Senate, the original text was amended to allow the rapporteur to negotiate the discount rate to be applied in the operation of amortization or early settlement of debt. The only caveat is that the rebate is less than the interest rate established in the contract, thus ensuring that discharge before the deadline has, in fact, a lower cost to the customer.
If there is no appeal to the full Senate vote, the matter will follow straight to the House of Representatives.
Source: InfoMoney
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This article was translated by an automatic translation system, and was therefore not reviewed by people.