Saturday, 25. May 2013 - 05:05
28. 06. 12. - 11:00
The Croatian government has passed a new consumer protection law, which will see late penalty fees on debts outlawed, reports daily newspaper Vecernji list.
Consumers will now be able to pay back only the actual debt, and will no longer need to pay penalty fees for late payments.
The Ministry of Economy says all retailers and all public enterprises, telecom providers, banks and the like who currently charge penalty fees on debts, can no longer do so under the new law.
The new legislation has come about the government says, because they have received thousands of complaints from citizens who have complained of flagrant injustice. Many banks, telecom providers and other companies have been charging from 20-300 kuna (3 - 40 Euros) in penalty fees each time they send out reminder notices for debts. In some cases the penalty charges have been more than the debt.
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