Article D313-2 of the French Monetary and Financial Code
November 6, 2023
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…
