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> Economy

Bombshell for servicers in the loans of the Katseli law

Monthly interest proposed by the Prosecutor of the Supreme Court - Until Thursday the two sides will submit their proposals - When is the decision of the Plenary expected

Newsroom February 28 04:03

Monthly and not on the total capital, the Supreme Court prosecutor Georgia Adilini proposes in the pilot trial for the loans of the Katseli law, to calculate the interest on the loans.

Of course, by Thursday the two sides will file their motions and ultimately the plenary decision will come out in 6 months.

However, if the prosecutor’s proposal is upheld, then everything we know about the way the interest on the loans is calculated will be overturned and a major issue will be created for the servicers and, as they say, for the guarantees of the specific securitized loans to Hercules.

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