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Borrowers relief affects about 200,000 car leases

Analysis

Approximately 180,000-200,000 borrowers, who still have foreign currency denominated car leases, have been affected by the borrowers’ relief legislation approved last year and can expect to receive compensation, Hungarian Leasing Association head Gábor Lévai told Hungarian new agency MTI.

The borrowers relief legislation requires lenders to compensate retail borrowers for making unilateral changes to contracts and for using exchange rate margins when calculating repayments on FX loans, MTI noted.

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