(40)Member States should have the right to provide that compensation for early repayment may be claimed by the creditor only on condition that the amount repaid over a 12-month period exceeds a threshold defined by Member States. When fixing that threshold, which should not exceed EUR 10 000, Member States should for instance take into account the average amount of consumer credits in their market.
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New version applies from 01/01/2018 — introduced by Benchmark Regulation (BMR).
63 provisions change.
Later versions: 26/07/2019, 30/12/2023.
Recital 40 changes in this version: compare with the current text.