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Press release  

 
27 may 2011

Loan insurance at the borrower's discretion


The law on consumer credit confirmed the commitment of the banking profession.

 

The law on consumer credit confirmed the commitment of the banking profession: accordingly, when taking out a property loan, clients are free to choose between the insurance offered by the lending institution or other insurance, provided it offers an equivalent guarantee. This provision comes in addition to the banks' initiative of providing each client with a standardised information sheet, making it easier to compare different insurance offers.

 
 
 
 
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