§ 5-8. Tied selling (koblingssalg): requiring other purchases to get a loan
Machine-translated from Norwegian. The Norwegian text is the one that applies. Read the original in Norwegian.Norsk English العربية Polski Українська
The text of the law (unofficial translation)
§ 5-8. Tied selling
What does this mean?
The bank cannot make it a condition for a loan that you also buy or sell other goods or services. For consumers, such conditions are not binding. Requiring debt insurance or other insurance that strengthens your ability to pay, or an account agreement, is nevertheless allowed. The Government can lay down further exceptions.
The permitted conditions become relevant in § 5-5: If the bank has not assessed your creditworthiness according to the rules, they do not become binding on the customer. This section sits alongside usury (åger) (§ 5-7) and the duty to refuse credit (avslagsplikt) (§ 5-4).