I. – For each of the categories mentioned in the second paragraph of article L. 313-2, the legal interest rate applicable for a given half-year is calculated as follows: 1° For claims by natural persons not acting for business purposes, the legal interest rate is equal to the sum of the rate on the main refinancing operations of the European Central Bank in force two months before the start of…
The rules relating to the overall effective rate are set out in Articles R. 314-1 to R. 314-14 of the French Consumer Code, which are reproduced below: “Art. R. 314-1. – The calculation of the overall effective rate is based on the assumption that the credit agreement will remain valid for the agreed term and that the creditor and borrower will fulfil their obligations in accordance with the conditions and…
The rules governing the usury rate are set out in articles D. 314-15 to D. 314-17 of the French Consumer Code, which are reproduced below: “Art. D. 314-15 -The average effective rates charged during a calendar quarter by credit institutions for the categories of transactions of the same nature involving similar risks, as referred to in article L. 314-6, are calculated by the Banque de France. The Minister responsible for…
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is a Registered Trademark of
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75001, Paris France
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Paris Bar Registration n° (Toque) C2396
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