Book V: Service providers

I. – A guaranteed loan within the meaning of article L. 513-3 may only be refinanced by senior resources up to the limit of the smallest of the following amounts: 1. The outstanding capital of the loan ; 2. The product of the financing ratio defined in II and the value of the asset financed or provided as collateral. II. – The proportion referred to in 2 of I is…

I. – The assessment of the creditworthiness of public entities referred to in 2 to 5 of Article L. 513-4 is that used by the external credit assessment institution when the exposure is recognised as an asset by the société de crédit foncier. II. – The exposures referred to in 5 of I of Article L. 513-4 may not exceed 20% of the nominal amount of the obligations foncières and…

Loans secured by a charge on immovable property conferring an equivalent guarantee within the meaning of 1 of I of article L. 513-3 are loans secured by a charge which gives the creditor, regardless of the debtor’s legal situation, the right to sell the immovable property encumbered by this charge wherever it may be held and to be paid from the sale price without being subject to the assistance of…

For the purposes of 2° of I of article L. 513-3, guaranteed loans eligible for inclusion in the assets of sociétés de crédit foncier are loans for which a credit institution, finance company or insurance company with equity of at least 12 million euros acts as joint guarantor.

For the purposes of Article L. 513-7, securities, exposures and deposits owed by credit institutions, investment firms or portfolio management companies rated at the highest or second highest level of creditworthiness by an external credit assessment institution recognised by the Autorité de contrôle prudentiel et de résolution pursuant to Article L. 511-44 , or which are guaranteed by credit institutions or investment firms rated at the same level of creditworthiness,…