Lag om ändring av räntelagen | 32 — Finland law | Esheria

Lag om ändring av räntelagen

If a commercial payment is late, the debtor must pay annual default interest at 8 percentage points above the applicable reference rate; if that amount would be lower than the pre-due-date interest, the older basis applies instead. Finlands Bank must publish a notice of the reference rate, its validity period, and the

Jurisdiction
Finland
Instrument
Act or statute
Citation
32
Version
Undated source snapshot
Language
sv
Updated
Official source
View official record ↗
late payment interest publication notice reference rate

Statute overview

About this statute

If a commercial payment is late, the debtor must pay annual default interest at 8 percentage points above the applicable reference rate; if that amount would be lower than the pre-due-date interest, the older basis applies instead. Finlands Bank must publish a notice of the reference rate, its validity period, and the default interest rates without delay.

Available versions

  • Undated version · current

    fi

  • Undated version · current

    sv

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