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Article L515-4 of the French Monetary and Financial Code

Mutual guarantee companies may be set up between traders, industrialists, manufacturers, craftsmen, commercial companies and members of the liberal professions. Their purpose is to guarantee their members in respect of their professional transactions. Mutual guarantee companies may also be set up between owners of buildings or property rights. Their purpose is to guarantee their members in respect of loans taken out for home ownership or the refurbishment and repair of…

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