Binding Colombian consumer-protection statute governing consumer relationships, including financed purchases and disclosure duties.
TL;DR:
- Law 1480 of 2011 is Colombia’s binding Consumer Statute.
- Sistecrédito expressly identifies it as governing its consumer-credit process.
- The relationship is limited to Sistecrédito’s Colombian purchase-financing activity.
Summary
Law 1480 of 2011 establishes Colombia’s Consumer Statute. Sistecrédito expressly states that its revolving purchase-credit process follows Law 1480 and related consumer-credit rules; the link is limited to Sistecrédito’s Colombian financing activity.
Keywords
- Colombia consumer law
- Law 1480
- Sistecrédito
- purchase financing