Law 2439 of 2024 Clarifies the Interest Regime in Electronic Financing Systems
Law 2439 of 2024 clarifies the regime of elements that are considered as interests in electronic financing systems, as it (i) establishes that the concept of the use of technology shall be regarded as interest; (ii) introduces information obligations for the creditor; (iii) determines the elements that are not considered as interests; and (iv) establishes the consumer's right to choose the form of execution, if they can be offered in physical form.
