Doctrina legal sobre el crédito revolving. Comentario a la STS, Sala 1ª, núm. 149/2020, de 4 de marzo (rec. núm. 4813/2019)
The STS (Civil, Plenary) nº 149/2020 of March 4, 2020, agrees the nullity, by usury, of a revolving credit card with a nominal interest of 24%, and APR of 26.82%. As an essential basis of its argumentation that evidences the leonine nature of some of the products that circulate in our financial sy...
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| Format: | Article |
| Language: | Spanish |
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2020
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| Online Access: | https://dialnet.unirioja.es/servlet/oaiart?codigo=7521528 |
| Source: | Revista Boliviana de Derecho, ISSN 2070-8157, Nº. 30, 2020, pags. 757-775 |
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| Summary: |
The STS (Civil, Plenary) nº 149/2020 of March 4, 2020, agrees the nullity, by usury, of a revolving credit
card with a nominal interest of 24%, and APR of 26.82%. As an essential basis of its argumentation that evidences
the leonine nature of some of the products that circulate in our financial system, our High Court declares the current
validity of one of the oldest laws of our order, the Law of July 23, 1908 on nullity of usurious loan contracts, known as the
Azcárate law - which owes this name to its promoter Gumersindo Azcarate, deputy for León in Congress during the years
1907 and 1908 - which refers to loan contracts (art.1), expanding its scope to any operation in which a money loan is
verified regardless of the agreed contractual type, such as in the case submitted to the Supreme Court. |
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