Consumer’s right to advance payment and mortgage loans granted with government subsidy

Abstract

This article analyzes the right of every consumer to make advance loan payments and its relationship with the policies promoted by the government for low-income social groups to gain access to housing. Through Fondo Mivivienda S. A., the government grants people subsidies to obtain real estate using mortgage loans provided by financial institutions. In this case, according to Indecopi’s decision-making bodies, losing the subsidies for making advance payments is not a violation of the consumer’s right.