In response to a recent ruling by the Supreme Court on Katselis law loans, servicers in Greece have begun to adapt their operations to ensure compliance. A major company involved in managing assigned debt is notifying borrowers via automated messages that until the Supreme Court's decision is officially recorded, they can pay only the principal portion of their loans, thereby excluding interest. This indicates that servicers are proactively preparing for the implications of the ruling to alleviate financial burdens on borrowers.

Recent communications from servicers suggest that the Supreme Court's ruling will include retroactive provisions, which could significantly benefit borrowers by allowing for offsets of overpayments against remaining debt. This change implies that previously overpaid amounts will be deducted from the outstanding principal, potentially shortening the overall repayment period for borrowers. Servicers are making these adjustments to avoid complications that may arise once the decision is finalized, signaling their commitment to following the law and protecting customer interests.

An illustrative example provided shows that for a total payment relating to several assigned products, the required amount has been temporarily adjusted in light of the expected ruling. This kind of proactive adjustment highlights the servicers' efforts to mitigate the financial impact on borrowers while ensuring they remain compliant with judicial mandates. The larger implications of this ruling could reshape the financial landscape for many borrowers under the Katselis law, enabling them to manage their debts more effectively and responsively under changing legal standards.