RESTRICTIONS ON SUPER HIGH INTEREST ON THE LOAN AGREEMENT: NEW APPROACHES
- Authors: Emelkina I.A.1
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Affiliations:
- National Research University «Higher School of Economics»
- Issue: Vol 4, No 3 (2018)
- Pages: 18-23
- Section: Civil law
- URL: https://journals.ssau.ru/jjsu/article/view/6392
- DOI: https://doi.org/10.18287/2542-047X-2018-4-3-18-23
- ID: 6392
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Abstract
The article analyzes the problems that arise when a super-high interest is levied from the debtor under the loan agreement, approaches are proposed aimed at solving this problem in doctrine and practice. Critical assessments of legislation's new laws aimed at restricting usury is carried out. Purpose: to formulate a concept for the further improvement of Russian legislation with a view to limiting super-high interest in a loan agreement involving a debtor-citizen. Based on the consideration of judicial practice, legislation and doctrine, author's ideas for resolving the problem of usurious interest are proposed. The author proposes options for interpretation, introduced into the Civil Code of the Russian Federation in the category «normally charged interest», supports the position formulated by the Supreme Court of the Russian Federation regarding the limitation of the collection of super-high interest by the specified term. At the same time, it calls for a balance between the principle of freedom of contract and the restriction of the rights of dishonest lenders. The conclusions are illustrated by examples of solving problems of superhigh interest in foreign jurisprudence and doctrine.
About the authors
I. A. Emelkina
National Research University «Higher School of Economics»
Author for correspondence.
Email: grigorjewa.katerina@yandex.ru
Russian Federation
References
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