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20.05.2021
THE FEDERAL SERVICE FOR SUPERVISION OVER CONSUMERS’ RIGHTS PROTECTION AND HUMAN WELL-BEING: INCLUDING A CONDITION ON A FINE FOR EARLY REPAYMENT OF THE LOAN INTO THE LOAN AGREEMENT IS PROHIBITED
The agency recalled that, according to a general rule of the Civil Code, the borrower shall return the loan amount received to the lender within the terms and in compliance with the procedure prescribed in the loan agreement. However, the amount of a loan provided for interest and not related to entrepreneurial activity may be paid as pre-scheduled, in full or in parts.
Implementation of this right shall not be encumbered by the creditor with any penalties.
Therefore, if such condition is included into the loan agreement, it should be recognised as invalid, and a person guilty for such illegal actions may be brought to administrative responsibility.
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