Alleges tied sale of credit and other violations: SERNAC sued Creditú and AVLA Seguros
Summary
SERNAC filed a class-action lawsuit against Creditú and AVLA Seguros over alleged abusive practices tied to mortgage lending. The complaint says Creditú required borrowers to buy an insurance policy from AVLA as a condition for receiving home loans. SERNAC also argues that the insurance premium should count as interest, which would have pushed the total cost of the loan above the legal maximum. The agency is asking the court to void the abusive clauses, nullify the credit insurance contract, and impose the highest available fines and damages for affected consumers.
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