Preparation of loan documentation
We advise leading lending institutions on all aspects of their operations, including the drafting of loan documentation.
We advise in connection with, among other things:
- the introduction of new services;
- changes in legislation;
- and recommendations of supervisory authorities.
We advise on the drafting of legal documentation for lending products of lending institutions distributed in online channels and through agents.
We also draft amendments to loan documentation in connection with the introduction of new services, changes in legislation and recommendations by public authorities, including:
- processes and the so-called user journey;
- loan agreements, SECCI (information form) and other documentation;
- product promotion terms and conditions,
We ensure that the activities of lending institutions comply with the provisions of RODO. We also act as data protection officer for lending institutions.
We represent lending institutions in inspection proceedings before the Office for Personal Data Protection (UODO) and the Office for Competition and Consumer Protection (UOKIK).
We ensure compliance of the activities of lending institutions with the provisions of the Anti-Money Laundering and Terrorist Financing Act (AML).
See also:
We advised our client on the implementation of a commitment decision issued by the Polish Office of Competition and Consumer Protection (UOKiK), which addressed certain practices related to informing clients about changes in payment service agreements. Specifically, the decision highlighted issues such as the improper form of notifying customers about fee changes and the lack of appropriate modification clauses in contracts.
We advised our client on preparing its new loyalty scheme for deployment in the Polish market. Loyalty scheme allows users to accrue points for card spend, in-app challenges and the use of selected Revolut services, and to redeem those points for benefits offered within the application.