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ERSE BANK HUNGARY ART. Retail Credit AnnouncementAnnex 5.1CREDIT CARDS TAKEN OVER FROM CITIBANK
(NO LONGER SOLD)
EFFECTIVE: FROM 4 FEBRUARY 2017
Based on the portfolio transfer agreement entered into
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What is retail credit announcement?
Retail credit announcement is a disclosure of the credit terms, rates, and any other relevant information related to retail credit offerings by a financial institution.
Who is required to file retail credit announcement?
Financial institutions offering retail credit are required to file retail credit announcement to inform the public of their credit offerings.
How to fill out retail credit announcement?
Retail credit announcement can be filled out by providing all the necessary information such as credit terms, rates, eligibility criteria, and other relevant details in the designated form provided by the regulatory authorities.
What is the purpose of retail credit announcement?
The purpose of retail credit announcement is to ensure transparency and inform the public about the credit offerings by financial institutions, helping consumers make informed decisions about their credit needs.
What information must be reported on retail credit announcement?
Retail credit announcement must include information about the credit terms, rates, fees, eligibility criteria, repayment terms, and any other important details related to the retail credit offerings.
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