Over 500 CHF mortgage holders file suit against mBank
14:08
More than 500 people have filed a class action lawsuit against mBank in the District Court in Łódź regarding contracts concluded by the bank for Swiss franc-denominated mortgage loans. A hearing in this case is scheduled for 19 December 2016.
According to District Court judge Paweł Urbaniak, the lawsuit was filed in April this year. The initial group consisted of 388, with the figure now reaching 540. They are represented by the Municipal Consumer Ombudsman in Warsaw.
The ombudsman explained that the grounds for the lawsuit are the indexation mechanism contained in these contracts. The goal of the lawsuit includes annulment of all contracts with mBank involving indexed credits, and possibly the annulment of parts of their provisions deemed to be unfair. “The lawsuit has very precise demands. They relate to specific provisions of very comprehensive loan agreements concluded by the bank,” the ombudsman said.
The court has given group members until the end of October 2016 to remedy any deficiencies in their suit. This is the second such lawsuit being heard by the District Court in Łódź. The previous one involved 1247 CHF mortgage holders.
