Content Options

View Options

foreign currency loan

    81an MCD credit agreement where the credit is:

      1. (a) denominated in a currency other than that in which the consumer receives the income or holds the assets from which the credit is to be repaid; or
      1. (b) denominated in a currency other than that of the EEA State in which the consumer is resident.

    [Note: article 4(28) of the MCD]