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The Directorate General for Legal Certainty and Public Faith has approved amendments to the model 'K' consumer financing contract for movable goods for Open Bank, SA (formerly Santander Consumer Finance, SA). The changes include updating the corporate name and incorporating clauses to improve clarity and transparency for customers regarding indexation, payment schedules, and data processing (Resolution of 8 April 2026).
For Open Bank, SA customers, this regulation ensures the validity of the new movable goods financing contract models, guaranteeing that transparency and data processing clauses comply with current regulations. The entity must use its new corporate name in all such contracts, replacing the previous name, Santander Consumer Finance, SA (Resolution of 8 April 2026).
The tax team reviews your specific situation.
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