Consumer Protection Act - Finlex

dependent on the unilateral decisions of the creditor. The reference interest rateof a credit in a foreign currency may also be in the currency of the credit or, if thecredit has been granted in units calculated from several currencies (basketcredit), a rate calculated in the same manner from said currencies.(4) The consumer shall be notified of changes in the interest rate either in theaccount statements or otherwise in writing.Section 11a (29/2005)(1) In distance selling, the consumer has the right to withdraw from the creditagreement by notifying the creditor of this within 14 days after the conclusion ofthe agreement or a later date on which the consumer received in a permanentmanner the prior information referred to in chapter 6a and the copy of the creditagreement referred to in section 10.(2) The consumer has no right, however, to withdraw from the credit agreement ifthe contracting parties have already fulfilled their contractual obligations in theirentirety at the consumer’s express request.(3) If the consumer withdraws from the agreement, he or she may be required to payas a compensation the amount corresponding annual percentage rate of chargefor the period of time he or she has been able to use the credit. Thecompensation may not be required, however, if the creditor has not notified theconsumer in advance of the fact that the amount corresponding annualpercentage rate of charge may be charged or if the creditor has commenced theperformance of the contract without the consumer’s express request.Section 11b (29/2005)(1) The consumer shall, without undue delay and within 30 days after sending thenotification of withdrawal, return to the creditor the funds he or she has receivedon the basis of the credit agreement or the withdrawal shall become void. Theconsumer may, however, refrain from the obligation to return the funds until thecreditor fulfils his or her own corresponding obligations.(2) The creditor shall, without undue delay and within 30 days after receiving thenotification of withdrawal, return the payments he or she has received on thebasis of the credit agreement to the consumer. The amount of annual percentagerate of charge under section 11a(3) may, however, be deducted from thepayments which are to be returned.42