On Wednesday, January 23, 2002, the Constitutional Chamber of the Supreme Justice Tribunal (TSJ) ruled on the claim filed for diffuse or collective rights by Asociación Civil de Deudores Hiopotecarios de Vivienda Principal et al against the Superintendency of Banks and Other Financial Institutions, and against the Directive Counsel of the Institute for the Defense and Education of Consumers and Users (INDECU).
The decision which is to be published unabridged in upcoming days, orders the partial disapplication of the legal and regulatory norms contained in the Housing Policy Law of 1993 and in the Decree with the Status and Force of Law Governing the Home and Housing Policy Subsystem, published in Office Gazette of November 5, 1998, referring to the establishment of the interest rates applicable to indexed loan agreements.
