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Fine for the non return of a fixed sum loan agreement

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  • Fine for the non return of a fixed sum loan agreement

    Hello, ive taken out a policy with an insurer that fines customers for the non return of their fixed sum loan agreement. Is this legal? seems punitive to fine me £15 just because I forgot to return a form.

    Many thanks
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  • #2
    Re: Fine for the non return of a fixed sum loan agreement

    If it's in the terms and conditions of the agreement that you have read and signed yes they an do this.

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