S.L. 376.10 Art. 28Open-end credit agreements.

(1) The consumer may affect standard termination of an open-end credit agreement free of charge at any time, unless the parties have agreed on a period of notice which period shall not exceed one (1) month:

Provided that the creditor may, where agreed in the credit agreement, affect standard termination of an open-end credit agreement by giving the consumer at least two (2) months notice on paper or another durable medium specified in the credit agreement.

(2) The creditor may, where agreed in the credit agreement, for objectively justified reasons, terminate the right of the consumer to draw down on an open-end credit agreement, and the creditor shall inform the consumer of the termination and the reasons for such termination on paper or another durable medium specified in the credit agreement, where possible before the termination and at the latest immediately thereafter, unless the provision of such information is prohibited by European Union or national law or is contrary to objectives of public policy or public security.