BBVA and Novacaixagalicia present their opposition to the provisional execution of the sentence by the Commercial Court in Seville number 2 which requires them, with Caixa Galicia and Cajamar, to eliminate the 'ground provisions' of abusive mortgage contracts,
Provisional enforcement forces all three entities to refrain from applying these provisions to the Audiencia Provincial de Sevilla handle your appeals lodged against the verdict.
Specifically, one of the clauses is prohibited to BBVA, which states that "the rate applicable to ordinary accrual of interest shall not, in no case more than 12% or less than 2.5% annual.
other hand, industry sources explained that the clauses referred to floor and ceiling are supported and regulated by the English legislation on the Order of May 5, 1994, which only requires the reporting of these borrowers
Provisional enforcement forces all three entities to refrain from applying these provisions to the Audiencia Provincial de Sevilla handle your appeals lodged against the verdict.
Specifically, one of the clauses is prohibited to BBVA, which states that "the rate applicable to ordinary accrual of interest shall not, in no case more than 12% or less than 2.5% annual.
other hand, industry sources explained that the clauses referred to floor and ceiling are supported and regulated by the English legislation on the Order of May 5, 1994, which only requires the reporting of these borrowers
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