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Revision Of The Maximum Permissible Interest Rate Under Article 314A Of The Criminal Code - October 2018
In 2011 the Criminal Code was amended by the addition of a new article 314A, which makes it a criminal offence, punishable by up to 5 years' imprisonment, a fine of up to EUR30,000 or both, for lenders to charge interest at excessive rates.
Cyprus
5 Nov 2018
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