End credit usury

Summary

Presentation of a draft law to specify the provisions of the BGB regarding immoral legal transactions and usury with regard to consumer loan agreements: legal definition of the prerequisite for the offense "conspicuous disproportion", statutory. Presumption of the borrower's weaker situation when entering into contractual conditions, taking into account payments from all contracts with the same lender and the Pre-lender in the case of debt restructuring, inclusion of all other costs, including insurance, in the calculation of the effective annual interest rate

Machine translation from German. The official text remains authoritative.

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• 19/29274

  Drucksache · DE · 4 May 2021

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