Lenders may not provide credit if that leads to excessive lending. This is stated in the Financial Supervision Act.
How do I test this?
The umbrella organizations of lenders have drawn up codes of conduct on how they test whether a loan does not lead to excessive lending.
- The Code of Conduct of the Netherlands Association of Financing Companies (VFN)
- The Code of Conduct of the Dutch Banking Association (NVB)
All these codes of conduct make use of the Nibud model budgets to ensure that households with a credit retain sufficient amounts to be able to at least make the necessary expenses of a household.
Would you like to exchange ideas about the use of Nibud figures for your organization? We like to think along with you. Contact our consultant Jasja Bos or Max Poortermans , product manager licenses and online applications. You can also ask your question via the contact form.