S.L. 378.12 Art. 10Creditworthiness.

(1) Before the conclusion of a credit agreement, the creditor shall assess the creditworthiness of the consumer on the basis of sufficient information, where appropriate, obtained from the consumer and, where necessary on the basis of a consultation of the relevant database.

(2) If the parties agree to change the total amount of credit after the conclusion of the credit agreement, the creditor shall:

(a) update the financial information at his disposal concerning the consumer; and

(b) assess the consumer’s creditworthiness, before the total amount of credit is significantly increased.