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Transitional Provisions in the New Consumer Credit Act

Publication at Faculty of Law |
2016

Abstract

Aim of the contribution is to present solutions of selected problems associated with intertemporal provisions in the proposed act on consumer credit, for which the new act does not provide unambiguous answers. The article deals in particular with reflection of the principle of full nonretroactivity and its practical consequences.

Special attention is in the paper given to the legal regime of agreements by which are modified loan agreements concluded before the effective date of the new act, and also to an application scope of agreements on free of charge deferral of payments of an existing debt.