The imprescriptible action for nullity and its prescriptible compensation (usury, nullity and the relevance of the revolving loan) Part I

Abstract

The revolving credit is a product with a wide presence in the consumer market, which facilitates access to easy financing because of its immediate processing, without the need for additional guarantees. The high type of agreed interests, the functioning of its special model and its questionable marketing channel generate a great number of litigations. Sometimes, courts apply the controversial rules against usury in their resolution. The question arises as to whether it is possible to distinguish between actions for nullity, which are not subject of rules on limitation, and actions for claiming compensations, which are prescriptible, as well as the legal implications of this difference. In particular, the regime of the dies a quo in the calculation of its term. Its development examines the most recent case law of the Court of Justice of the European Union and the Supreme Court on the subject.