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El blog de Maria

Your daily Spanish Law reporter. Have it with a cafe con leche.

Legal tip 1164. Malaga Courts and Floor Clauses in Mortgages
10 June 2014 @ 09:28

Malaga Courts keep performing their magnific job on punishing banks:

BBVA, Unicaja, Caja Mar and Banco Popular are condemned to eliminate floor clause from their mortgage deeds and to refund all the undue amounts to consumers

These all Court Decissions have been passed in a period comprised between 22nd of April and 28th of May. It just applies 1303 of our Civil Code which explains that once an obligation is declared null and void, the parties are obligued to mutually restitute  the object of the contract ( fruits attached) and price ( interests attached). Banks are condemned to pay costs back in them all.

Costa Luz Left

Motril, Granada, South eastern Spain, at

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