TNBiz (TNBiz)
Mortgages  |  April 18, 2013 15:52:02

Breakthrough: Fees for mortgage loans are illegal!

This was the first trial in the Czech Republic between the client and the Bank in relation to the contested payment of fees for maintaining the loan account. Client Michal Novák requested repayment of CZK 4200, which the bank paid the fees for the administration of the loan in monthly CZK 150.

Judge Martin Solomon ruled in favor of the client bank and confirmed by charging fees for credit accounts is illegal, as well as previously decided and international courts such as the Federal Court of Justice in Germany.

Today's judgment is a breakthrough and impatiently waited for him all bank clients who request refund loan fees through Court decision is nacher as clear proof of service clients, and that we will see the return of their money.

"The court's decision we expected, and we are of course a great success. This is a historic and landmark decision of the Czech judiciary. The result gives a clear signal to all the people who join the services, or the right to a refund loan fees is no longer just a theory but became true, "said attorney Petr Toman, which services provides its legal services.

"Today's court result is very important since the whole case can move in another direction. Banks have finally faces a clear precedent decisions and should realize that when they call on our return on bank charges still react negatively and seek judicial proceedings, it will cost a lot of money on legal costs, "he added Nacher.

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