Consumer watchdog supports introducing uniform mortgage loan agreement

The President of the Office of Competition and Consumer Protection (UOKiK), Tomasz Chróstny, stated that UOKiK will support the implementation of a uniform template for mortgage loan agreements. He emphasized the need for a safe contract during the Banking Forum '24. UOKiK will consult with the Financial Supervision Commission (KNF) on this template. Chróstny highlighted UOKiK's aim to prioritize consumer interests, working alongside the banking sector. The goal is to ensure that the uniform agreement template adequately guarantees the rights of both parties. Additionally, UOKiK and KNF aim to develop a model to convert variable interest rate loans into loans with periodically fixed rates in the current low-interest rate environment.

Source: inwestycje.pl