Senate approves restrictions on sanctions for loans to self-employed persons

(ČIA) The Senate approved an amendment to the Consumer Credit Act, which sets a ceiling on the maximum amount of sanctions for late repayments for loans for self-employed persons. So far, the level of sanctions has been limited only to consumer loans. At the same time, the amendment restricts the maximum amount of contractual interest for both consumers and self-employed persons who are in arrears longer than 90 days. At the same time, the Ministry of Finance of the Czech Republic is launching a program of direct support for self-employed people economically affected by the spread of coronavirus. A self-employed person will be entitled to a nominal amount of CZK 25,000. The provision of the amount is conditioned onyl by an application and several basic requirements.



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