The Council of Ministers approved on March 13, 2013 two legal texts relevant to the conclusion of credit agreements.
Although it is not yet possible to determine the date of entry into force of the new rules, we disclose below the main innovations and amendments adopted by the Council of Ministers:

•  Amendments are introduced regarding the capitalization of interest: the capitalization of benefits that include compensatory interest due and unpaid can only be done once and the capitalization of default interest is prohibited (with the exception of restructuring or consolidation of credits); 
• Credit institutions may require only a single commission in the event of default, which is payable only once for each installment due and unpaid, with the minimum of EUR 12 and a maximum of EUR 150; 
• Through the amendment to the Consumer Credit Regime the rules for the determination of usury in credit agreements are updated and the limits for the annual percentage rate of charge are defined;  

Obligation to send a periodic statement to customers with consumer credits.