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Posts tagged #creditworthiness

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OGH Comments on Loan Bill Draft Re Senior Citizens

Civil Law 

Ministerial Bill Draft 236/ME XXVII GP is intended to amend the Hypothekar- und Immobilienkreditgesetz, hereinafter HIKrG (Mortgage and Real Estate Loans Act) with the intention to facilitate the provision of loans to senior citizens. In its current ...

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OGH: Scope of the creditor's duty of verification according to § 7(1) VKrG

In a decision, the Supreme Court (Oberster Gerichtshof, OGH) examined the admissibility of certain clauses in the General Terms and Conditions (Allgemeinen Geschäftsbedingungen, AGB) of a mail order company. In doing so, it elaborated on the scope of...

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