Date of the judgment: 12.02.2020.
Official publication: 14.02.2020.
On Compliance of Section 1 (1) of the Law of 4 October 2018 “Amendments to the Consumer Rights Protection Law” with Article 1 and Article 105 of the Satversme of the Republic of Latvia
Case short name: Total costs of consumer creditThe Constitutional Court held:
to recognise Section 8 (23) of the Consumer Rights Protection Law as being compatible with Article 1 and Article 105 of the Satversme of Republic of Latvia.
Press-releases
- The norm that defines the limits on the total costs of the credit to a consumer complies with Article 1 and Article 105 of the Satversme
- A case initiated with respect to a norm, which will define, as of 1 July 2019, restrictions on the maximum interest rate in consumer credit contracts