Fast credit lenders dealt blow

  • 2013-05-29
  • From wire reports
TALLINN - The Estonian Riigikogu (parliament) approved on May 23, with 80 votes in favour, a law that obliges loan-givers to check the background of loan-takers more thoroughly and sets restrictions on advertising consumer credit loans, reports Public Broadcasting.The Justice Ministry said that the law amendments stipulate that loan-takers now have a bigger obligation to check whether a person taking the loan is capable of paying it back. This means that starting July, the loan-giver is obliged to collect all information about the loan-taker to make sure that the person can pay back...
 
The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please authorize yourself.


In case you don't have a subscription yet - please visit our SUBSCRIPTION section