Webinar: “The Free Credit Sanction (SKD) from the Perspective of Lending Institutions”

On 29 May 2025 at 10:00 AM, a webinar dedicated to the “free credit sanction” (SKD) took place. The training was conducted by attorney-at-law Anna Jędrasiak, our specialist in financial law and consumer credit law.

The free credit sanction (SKD) is discussed as a consumer protection mechanism in the event of breaches in credit agreements. This mechanism, provided for in the Consumer Credit Act, allows consumers to repay a loan without interest or additional costs if the lender has failed to comply with certain information obligations. The application of SKD may therefore result in significant consequences for lending institutions, including the loss of interest and other credit-related charges. In simple terms, if a consumer successfully invokes the sanction, the loan becomes entirely free of charge.

So, should the lending sector be concerned, and is it facing new challenges comparable to those related to foreign currency loan cases?

The webinar was addressed to representatives of lending institutions, compliance departments, and all those interested in consumer credit and related legal regulations. Participants gained practical knowledge on SKD. Anna Jędrasiak also shared guidance on how to avoid mistakes that could lead to its application.

During the webinar, the key aspects of SKD were discussed, including:

• definition and essence of the free credit sanction;
• common errors in credit agreements leading to the application of SKD;
• conditions for the effectiveness of a statement invoking SKD;
• consequences for lending institutions resulting from the application of the sanction;
• current positions of supervisory authorities and case law of the Court of Justice of the European Union in the context of SKD.

Organisational information:

Webinar: “SKD from the Perspective of Lending Institutions”
Thursday, 29 May 2025
10:00–11:00
Host: attorney-at-law Anna Jędrasiak