n response to public concerns regarding the granting of loans to persons with disabilities, particularly those with mental health conditions, the Consumer Rights Protection Centre (CRPC) reiterates that creditworthiness assessment concerns the evaluation of a person’s income and financial obligations in order to determine their ability to fulfil contractual commitments. Legal capacity and a person’s health condition affecting decision-making ability, on the other hand, relate to the legal…
n response to public concerns regarding the granting of loans to persons with disabilities, particularly those with mental health conditions, the Consumer Rights Protection Centre (CRPC) reiterates that creditworthiness assessment concerns the evaluation of a person’s income and financial obligations in order to determine their ability to fulfil contractual commitments. Legal capacity and a person’s health condition affecting decision-making ability, on the other hand, relate to the legal validity of entering into a transaction. To date, CRPC has not identified systemic problems related to irresponsible lending to legally incapacitated or socially vulnerable persons. Legal Capacity Is the Determining Factor Under the Civil Law, every adult…
