BICE Bank Loses in the Supreme Court and Must Pay a Fine for Changing Mortgage Credit Rates

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The highest court dismissed the bank's complaint against the conviction for unilaterally changing interest rates and failing to deliver quotes or summary sheets to mortgage clients, Sernac reported.

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The highest court dismissed the appeal filed by the entity and upheld the sanction of 1,000 UTM following a complaint by SERNAC. The ruling sets a precedent for those who contribute or seek to refinance their home.

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The Supreme Court upheld the sanction against the financial institution following a complaint by the Sernac for violating consumers' rights in mortgage loans.

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The court sentenced the financial institution to pay a fine for the tax benefit of 1,000 Monthly Tax Units, that is, more than $72 million. It is important to remember that, consumers have the right to receive all relevant information when buying a product or contracting a service.

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The court sentenced the financial institution to pay a fine for the tax benefit of 1,000 Monthly Tax Units, that is, more than $72 million. It is important to remember that, consumers have the right to receive all relevant information when buying a product or hiring a service. The Santiago Court of Appeals [...]