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The majority of GERB, United Patriots and Volia today rejected President Rumen Radev’s veto on the scandalous double penalty for quick loans, although he objects.
Last week, at the suggestion of GERB, the deputies carried out an urgent legal reform to annul the possibility of a double sanction for fast loans adopted days before, although due to the veto of the head of state it was not published in the Official State Gazette and practically did not exist. it is. They changed a non-existent law. Today, however, with 121 votes in favor, the majority again approved the scandalous double sentence to reject the presidential veto.
Therefore, two laws must be promulgated in the Official State Gazette. The first is the VAT Law, with transitory and final provisions of which, at the suggestion of the independent deputy Spas Panchev, the Consumer Credit Law is modified and the penalty for a quick loan is allowed to be double that of the principal, that is to say. for example 1,000 BGN with a loan of 500 BGN. The second is the Budget Law for 2021, with transitory and final provisions of which, at the suggestion of Menda Stoyanova of the GERB, the text of the sanction in the Consumer Credit Law is repealed. Thus, the law will not accept as acceptable the double penalty for a quick loan, that is. the amendment will be repealed.
The legislative actions of the government today were explained by the information that the parliament received the veto decree from Rumen Radev, after the unpublished law was changed and the possibility of double sanction has already been eliminated. In fact, the budget committee urgently approved the repeal of the scandalous amendment on November 24, the president vetoed it on November 25, and parliament finally repealed the amendment on November 26. However, according to lawyers, a cleaner option is for MPs to comply with the veto and then remove the switch for quick loans.
There was a strong public reaction against the change made by Spas Panchev. Responding today to questions from BSP deputies, he explained that he wanted to protect both consumers and fast loan companies by setting a maximum penalty limit, which is neither too low nor too high.