For borrowers who find themselves in difficulty, provision has also been made for the contractual rate of interest to cease to apply and for interest rate at the KRR to apply subject to certain conditions. I welcome these amendments to the law.
47.2 I hope to share the work of the Task Force on Unfair Terms and Conditions in Banking and Related Financial Contracts with the public in the course of this year which should pave the way for a better deal for users of banking and financial services. Click here to return to main document 48.1 Exchange of information among regulators.