PROTECTIVE GUARANTEES AND OTHER REQUIREMENTS TO STRENGTHEN DEVELOPMENT OF THE BANK-CUSTOMER CONTRACTUAL RELATIONSHIP

Medar Lucian-Ion and Irina- Elena Chirtoc
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Medar Lucian-Ion: Constantin Brancusi University of Targu Jiu, Romania
Irina- Elena Chirtoc: Constantin Brancusi University of Targu Jiu, Romania

Annals - Economy Series, 2013, vol. 1, 60-65

Abstract: Contractual relationships between individuals and credit institutions are increasingly lower in the sphere of lending activity. Implementation of the new Civil Procedure Code starting with February, 2013, strengthened even more consumer protection which has disturbed some commercial banks. Trust between banks and customers is an essential requirement for developing banking businesses. As a result of occurrence of new legislation is necessary to know the main elements that strengthen bank-client contractual relationship.

Keywords: credit agreement; unfair terms; confidence of customers; mandatory requirements; contract price; protective guarantees (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2013:v:1:p:60-65

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