The Ministry of Finance’s legislative measure to implement the decision of the Plenary Session of the Supreme Court (OlAP 6/2026) fully clarifies the methodology for calculating interest on loans that have been subject to Law 3869/2010 by court order. This clear regulation provides full transparency regarding how installments are calculated, as well as the terms of its retroactive application, notes the Association of Loan and Credit Claims Management Companies in a statement.
As it states, the member companies of the Association, which had from the outset highlighted the need for immediate clarification of the correct interpretation of General Circular 6/2026, are immediately taking the necessary steps to adapt their computer systems so that borrowers’ repayment schedules fully reflect the provisions of the new law. Due to the volume of loans covered by the regulation and the need to implement IT infrastructure, the full update of the repayment schedules is expected to be completed within the next few months.
During this transitional period, and for borrowers under Law 3869/2010 who are covered by the new arrangement (active arrangements and those for which the conditions for declaring them in default have not yet been met), the EADAPs will require payment exclusively of the principal portion of the installment under existing repayment plans, without any change to the monthly installment determined by the court. Any excess amounts that have already been paid will be deducted from the final installments of the court-approved repayment plan, in accordance with the explicit provisions of the new law and within the framework of the aforementioned computerized adjustment, the announcement concludes.