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PSZAF bans use of lender’s document till review completed

Financial market regulator PSZAF on Thursday said it prohibited lender ARGENTA CREDIT from using a document related to an early repayment scheme until it completes a review of the matter.

ARGENTA CREDIT said in the document in question that the tax office had announced that participants in the scheme could be audited to determine the origin of the money used to make the repayment.

PSZAF said the text could discourage participation in the scheme.

Under a government scheme launched at the end of September, borrowers may repay their foreign currency-denominated mortgages in full at discounted exchange rates.