Movement penalty with max encumbrance

Game mode: Online
Problem: Bug
Region: Europe

I have max on Encumbrance. When I equip my Vanir Fur armor set I get movement penalty. As soon as I take it off and put on another armer I dont get the penalty. I am over encumbred when I try it.

Steps on how to reproduce issue:

  1. Put on full Vanir fur armor
    2.Try to walk fast