Contractual Clause with "Processing Fee" for Granting of Loan Potentially Invalid
GRP Rainer Lawyers Tax Advisors, Cologne, Berlin, Bonn, Bremen, Düsseldorf, Essen, Frankfurt, Hamburg, Hanover, Munich, Nuremberg, Stuttgart and London www.grprainer.com/en explain: In its judgment of April 16, 2013 (Az.: 8 S 293/12), the Regional Court of Bonn (LG) ordered a bank to repay a “processing fee” that was charged to a consumer because of a loan grant. A contractual clause containing a pre-formulated section, according to which a “processing fee” is owed for the capital commitment resulting from the conclusion...
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