The Rate Law

Original Language Title: Korkolaki

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Read the untranslated law here: http://www.finlex.fi/fi/laki/ajantasa/1982/19820633

In accordance with the decision of Parliament provides for the scope of application of article 1 of the Financial balance of the payable to: use provided for in this Act.
This law shall not apply to: 1) resulting from the debt ratio, acknowledging the basis unless otherwise provided elsewhere in the Act; (28.3.2014/271) 2) transport insurance, medical insurance, the statutory pension insurance and statutory accident insurance or employee group life insurance or insurance institution to grant a benefit in the corresponding municipal; (19.11.1993/974) 3) periodically paid to maintenance, which has been confirmed to run under the Marriage Act (234/1929), or takautumissaatavaan, which is based on the maintenance of the security pursuant to the Act (671/1998), the support of the child paid the maintenance; and (21.8.1998/675) 4) the obligation to return the consideration received or, where the contract or benefit to be unfounded, in so far as the question of the payment of the interest on the debt for the period preceding the due date is.
(16.12.1983/943) ElatusturvaL 671/1998 ElatustukiL:lla 580/2008 is repealed. See also Chapter 4 of the marriage law 234/1929.

section 2 (15.3.2013/209), the interest rate is determined by the will of the quorum required to pay according to this law, subject to the commitment of the debtor or trade practice or otherwise.
If the debtor's commitment is related to the consumption of the asset on the advertisements or other agreement between a seller or supplier and a consumer, or an agreement, on the basis of which the debtor by buying or renting an apartment for himself and the members of his family for the acquisition, the undertaking is ineffective to the extent that the debtor would be required to pay more in interest than paragraph 4 to 11. If the debtor in the event of delay in these cases is committed to, in addition to or instead of the finance interest rate to pay a Commission, fee or similar performance, the undertaking is ineffective to the extent of the interest rate and the total amount of the payment exceeds the 4 – according to article 11 of the calculated interest rate.

section 3 (of 3 May 2002/340), the interest rate you pay on the debt to the Debtor shall not be required to pay interest on the debt for the period prior to the due date.
If the debt is the interest rate on the interest rate, however, agreed not to, the debtor must pay the annual interest rate according to the current reference interest rate referred to in article 12.

4 section (6 November 2009/846) delay in the payment of interest on the debt, the debtor has to pay the annual interest on account of late payment, the number of implied refusals is seven percentage points higher than that of the reference interest rate referred to in article 12.
If the determined interest of the liability period is lower than the interest rate you pay on the due date of the preceding, the delay interest shall be paid on the same basis as before the due date. If the debtor's commitment refers to the consumer credit contract or the rest of the article 2 of the agreement referred to in paragraph 2, the finance however, interest shall be paid on the same basis as before the due date up to 180 days from the date on which the debt is due in its entirety. If the issue of the Court of Justice shall be adopted before the end of that period, interest shall be paid on the same basis as the effects of the judgment.

4. (a) section (18.1.2013/32) the amount of the interest if the delay applies to commercial agreements commercial agreements for the payment terms of the law (30/2013) the amount of the fee provided for in article 1, the debtor shall pay the annual interest on account of late payment, the number of implied refusals is eight percentage points higher than that of article 12 of this law: the meaning of the reference rate.
If the determined interest of the liability period is lower than the interest rate you pay on the due date of the preceding, the delay interest shall be paid on the same basis as before the due date.

section 5 of the interest from the due date of the liability, which is prescribed If the due date of the debt in order to bind the debtor is predetermined, the delay interest shall be paid on the due date.
Accountability is based on the Administrator's or the rest of the debt is to be paid interest on the date of the financial statements. If the Bill is not made in time, the delay interest shall be paid from the date on which it would have been the latest to be made.

section 6 (3 May 2002/340), the due date of the debt Finance interest rate is not fixed in order to bind the debtor, unless the due date is not predefined, default interest shall be paid from the time when 30 days have passed from the date on which the creditor to the debtor of the invoice or otherwise, was sent by the requested amount of money provided for. The debtor, however, is not liable to pay interest in respect of the period preceding the arrival of the invoice or of the claim to him.
If the issue is referred to in article 2 (2) of the debt on an invoice or other claim shall state the amount of the interest rate in force at the time and the date from which interest is to be carried out. The debtor shall not be required to pay interest for the period which has elapsed before he has received interest from the creditor.

section 7 (3 May 2002/340), the interest rate of the liability for Damage compensation or for the corresponding liability for compensation, the amount of which and the determination of the base requires a special resolution, the delay interest shall be paid from the time when 30 days have passed from the date on which the creditor made a claim for the amount of the compensation, as well as a report on the basis of which he may reasonably be required, taking into account the debtor's access to the clearing. If the report is considered as insufficient for the amount of the debt, only finance however, interest shall be paid to the amount of the debt, that could reasonably be considered, dispense with its production.
The time of fulfilment of the obligation to pay the insurer provides insurance contract Act (561/1994) 70.

section 8 of the interest caused the offence was caused as a result of the damage caused to the compensation of the damage compensation caused the delay interest shall be paid on the total damage.

section 9 (3 May 2002/340), the starting point of the obligation of payment of interest on arrears in certain cases, paragraphs 6 and 7, in the cases referred to in article interest, however, is to be paid no later than on the date on which the notification of the debtor for payment of the debt, the challenge was given or, if the claim is presented in the course of the proceedings, from the date of submission of the.

section 10 of the criteria for Release When the debt is not to be velkojasta due to the fault of the costs in time, after the due date of the debtor shall not be required to pay the interest on hold as of the date on which the impediment the debtor should have ceased to exist.
As a result of the provision of the law or if any delay in the payment of the general traffic or stop payments or similar as a result of force majeure, the debtor has a period of delay caused by such a barrier shall be obliged to pay only the interest rate, which he came to make the payment due, over the period.

section 11 (3 May 2002/340), the interest rate on the conciliation of the interest on arrears may be adjusted if the debtor is a natural person and not to engage in the business of the debtor of the debt related activities. The mediation is subject to the condition that: 1 the payment delay has been due to the difficulties of payment), to which the debtor is a victim of the illness, unemployment or other special circumstance, the reason mainly omatta syyttään;
2) conciliation is to weigh the criteria, taking into account the financial position of the debtor in relation to the interest rate and the delay in the payment of the indebtedness of the debtor to a seemingly frivolous attitude or debts; or (3) the debtor shall be deemed to have been legitimate reasons) refuse to pay its debt.
Interest pursuant to paragraph 1 may be adjusted in the case of the past, there also appears to be confirmed by a final judgment.

section 12 (3 May 2002/340) in this Act, the reference rate referred to in the reference rate of the European Central Bank to the last perusrahoitusoperaatioon before the first calendar day of the half-interest rate applied by the rounded up to the next half point. The six-month period, the reference rate in force on the first calendar day of the following shall apply for a period of six months.

12 (a) of section (18.1.2013/32) notice of the fixing of the reference rate of the Bank of Finland shall immediately publish a notification in the Finnish law the reference rate referred to in article 12 and its validity. The notification shall also be indicated in article 4, and article 4 (a) of the amount of interest referred to in subparagraph (1).

date of entry into force of article 13 of this law shall enter into force on 1 January 1983. It repeals the trade cycle, Chapter 9, section 8 and 10 of the. The law does not, however, apply before the entry into force of the law for the payment of interest on the obligation not to pay, that upon the entry into force of the law had been delayed.
If required by law or regulation has been made to the provision, by contrast, has become the last of this provision is to be applied.
Before the entry into force of the law must be published by article 12 of the Declaration referred to in subparagraph (1), a similar message. THEY 109/81, lvk. Mrs. 4/82, suvk. bet. 106/82 acts entry into force and application in time: 16.12.1983/943: this law shall enter into force on 1 January 1984.
The provisions of this Act do not apply to: 1) prior to the entry into force of this law, the agreement or the obligation to pay the interest rate established in the decision of the Court of Justice; and the obligation to pay default interest 2) the entry into force of this law, over the period.

If the amount of time for the child assistance is not before the entry into force of this law or by decision of the Court of Justice confirmed the payment of interest on the interest, is required to run the application, which shall be brought within one year of the entry into force of this law.
Board of Directors ' proposal for the 64/83, Lakivaliok. Mrs. 3/83, Great valiok. Mrs. 96/83 19.11.1993/974: this law shall enter into force on 1 January 1994.
THEY'RE 147/93, Shub 21/93 of 28 June 1994/544: this law shall enter into force on 1 July 1995.
THEY 114/93, of 3 March 1995/284/93 TaVM 17: this law shall enter into force on 1 May 1995.
Before the entry into force of this law the commitment given to the payment of interest at the time of entry into force of this law shall apply to the delayed payment of the entry into force of this law that was in force.
The Bank of Finland may, prior to the entry into force of this law shall adopt and publish, in accordance with article 12 (a) of the Bank of Finland, so that the interest rate to be determined by the position of the reference interest rate shall apply from the date of entry into force of the law. The interest rate is fixed for the first year, the reference to the entry into force of the laws of the end of the calendar month before the end of the month, calculated on the basis of the annual average over the three-month market interest rates.
THEY'RE 292/94, 21.8.1998 TaVM 58/94/675: this law shall enter into force on 1 January 1999.
THEY'RE 128/1997, LaVM 4/1998 of 18 December 1998, 83/1998/1012 EV: this law shall enter into force on 1 January 1999.
What the rest of the Bank of Finland, on behalf of the reference rate laid down, since the entry into force of this Act applies to the reference rate laid down by the Ministry.
THEY'RE 176/27/1998, 1998, TaVM EV 200/1998 of 3 May 2002/340:1. This law shall enter into force on 1 July 2002.
2. This law shall be applied after the entry into force of this law, even if the debt kertyvään interest on account of late payment, the right has arisen before the entry into force of this law.
3. the entry into force of this Act, the Court shall ex officio be proceedings in a natural interest to be recovered from the date of entry into force of the law to a maximum of 4 to match the article, unless the creditor has not submitted an explanation for the fact that the higher the interest rate is based on a commitment, which is linked to the rest of the as, as referred to in article 2 (2) of the debt, or that it is based on article 4 of the article. The Permanent Secretary of the professional audio, which is the District Court of law (581/1993) pursuant to article 19, the right to make unilateral judgments, may also be a judgment which the creditor's claim for the interest on the part of the laid down shall be rejected.
4. If the Court or other confers a before the entry into force of this law, the interest rate is determined to execute. A natural person is the date of the entry into force of the law, however, required to pay no more than 4 of the tavaramerkkilaki, unless the creditor within the meaning of the interest not to execute in accordance with the interest and called for an explanation of the fact that the higher the interest rate is based on a commitment, which is linked to the rest of the as, as referred to in article 2 (2) of the debt, or that it is based on article 4 of the article. The creditor must provide the foregoing requirement and report within one year of the entry into force of this law, the bailiff. The claim may be presented in a preliminary ruling in the proceedings pending or already ulosottohakemuksessa ulosottoasiassa. The bailiff has to make the decision on entry interest on ulosottoperusteeseen.
5. in accordance with article 11 of this law can be used to reconcile the natural interest to be paid, on the basis that the debt prior to the entry into force of this law, regardless of the basis. The debtor's interest can be carried out by the conciliation procedure to take into account, but cannot be imposed.
6. If the rest of the law refers to the rate section 4 (3), is the provision of article 4 of the law rather than comply with an interest rate of 1. The interest rate or any other rate, which, according to the agreement, or the law is determined by the interest rates referred to in subsection 2 of section 3 of the reference rate laid down by the Ministry or on the basis of the reference rate laid down by the Bank of Finland, after the entry into force of this law determines in article 12 on the basis of the reference rate referred to in.
THEY 232/2001, TaVM 3/2002, EV 36/2002 of the European Parliament and of the Council Directive 2000/35/EC (300L0035); OJ No l L 200, 8.8.2000, p. 35 6 November 2009/846: this law shall enter into force on 1 February 2010.
The debt, which has arisen before the entry into force of this law, at the time of entry into force of this law shall apply to the provisions in force.
THEY'RE 64/2009, TaVM 13/2009, EV 18.1.2013/132/2009 32: this law shall enter into force on 16 March 2013.
Before the entry into force of this law, upon the entry into force of this law shall apply to an overdue claim.
THEY LaVM 14/57/2012, 2012, EV 126/2012 15.3.2013/209: this law shall enter into force on 1 June 2013.
Contracts concluded prior to the entry into force of this law shall apply to the provisions in force at the time of entry into force of this law.
THEY are 78/15/2012, 2012, TaVM EV 3/13 28.3.2014/271: this law shall enter into force on 1 September 2014.
THEY 209/1/2014, 2013, HaVM EV 5/2014