José María Fernández Seijo

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Last quote by José María Fernández Seijo

Spain delayed transcribing the European Directive on consumer protection for 20 years, so what's going to happen first is that judges will have more scope to revise eviction procedures, and will be obliged to remove clauses, conditions, which are abusive, concerning interest rates and the unguaranteed variable rate clause and contract signing conditions. When the reform of the law is approved, consumers will have a substantially different environment, since Spain's case is unique in Europe.feedback
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Apr 11 2013
José María Fernández Seijo has most recently been quoted in an article called Spain's evicted fight back. José María Fernández Seijo said, “Those are clauses the bank uses to guarantee itself a fixed interest rate on repayment, even if interest rates drop. With this, even if the Euro Interbank Offered Rate Euribor goes to 1%, the bank guarantees that its interest will be above 4.5% or 5%. The Supreme Court of Spain a few weeks ago ruled that those clauses at one financial establishment were void and must be abolished.”. José María Fernández Seijo has been quoted a grand total of 5 times in 1 article.
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