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Article D514-20 of the French Monetary and Financial Code

Sales are made exclusively in cash and in euros. Judicial auctioneers, or other public or ministerial officers entrusted with sales under the conditions set out in article D. 514-17, are liable to the institution for the amount of the bids recorded in the sales reports and the ancillary fees collected by them on behalf of the institution.

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Article D514-21 of the French Monetary and Financial Code

If borrowers have not requested repayment of the bonuses to which they are entitled within three months of the sale proceeds being cleared, the institution will notify them of these bonuses, if they are equal to or greater than 15 euros, by prepaid letter sent in accordance with the rules of confidentiality. The cost of postage is borne by the borrower and is deducted from the amount of the bonus…

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Article D514-22 of the French Monetary and Financial Code

When an item that has been pledged as collateral for a loan is claimed by a person other than the borrower, on the grounds of theft or any other cause, the Caisse remains the receiver of the item, which cannot therefore be the subject of a requisition for seizure prior to the outcome of the legal proceedings. The person claiming the item must, in order to obtain its return :…

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