Palautusdirektiivi

Palautusdirektiivi refers to the European Union's Directive 2008/48/EC on credit agreements for consumers. Its primary purpose is to harmonize consumer credit regulations across member states, ensuring a high level of protection for consumers. The directive establishes a set of common rules that apply to all credit agreements offered by lenders to consumers within the EU.

Key provisions of the Palautusdirektiivi include standardized information requirements before a contract is signed. This ensures consumers receive clear and comprehensive details about the cost of credit, including the annual percentage rate of charge (APRC), total amount payable, and repayment schedules. It also mandates specific information to be included in the credit agreement itself.

Furthermore, the directive grants consumers a 14-day cooling-off period, during which they can withdraw from the credit agreement without penalty. This period allows consumers to reconsider their decision after signing the contract. The directive also sets rules regarding early repayment, allowing consumers to repay their credit in advance, albeit with potential charges in some circumstances.

The Palautusdirektiivi aims to foster a more integrated and competitive credit market within the EU by reducing barriers for cross-border lending and ensuring a consistent level of consumer protection. Member states were required to transpose the directive into their national laws, leading to a more uniform approach to consumer credit across the Union.