The effective costs of a provider of a consumer loan
In compliance with the stable practice of the Czech courts and the opinion of the Czech National Bank, it follows that the effective costs of a provider of a loan for premature repayment of a consumer loan, are only the legitimate direct costs customary at the specific time and place, expended by the provider in connection to the prematurely repaid loan, which fulfil their main purpose, i.e. repayment of the loan, are subsequently duly entered to the provider’s accounts and do not lead to its increased enrichment.
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