Subsection 3: Explanations provided to the borrower and assessment of his creditworthiness

If the lender or credit intermediary who provides an advice service provided for in Article L. 313-13 failing to provide the borrower with a personalised recommendation or providing the borrower with a recommendation that does not meet the requirements of Article L. 313-13 is punishable by a fine of 30,000 euros.

If the provider of an independent advice service is remunerated by the lender or a credit intermediary in breach of the provisions of the first paragraph of Article L. 313-14 is punishable by a fine of 300,000 euros.

A creditor or credit intermediary shall be liable to a fine of 30,000 euros for: 1° Failing to provide the borrower with adequate explanations enabling him to determine whether the credit agreement and any ancillary services are suited to his needs and financial situation on the basis of the information provided for in Article L. 313-11 ; 2° Failing to warn the borrower, in disregard of article L. 313-12, on…

If the lender contravenes the provisions of the first paragraph of article L. 313-64 relating to the conditions for granting a loan in foreign currency is punishable by a fine of 300,000 euros.

Natural persons found guilty of offences punishable by the provisions of articles L. 341-29 to L. 341-32 shall also incur as additional penalties the prohibition, in accordance with the procedures set out in Article 131-27 of the Penal Code, either from holding a public office or from exercising the professional or social activity in the exercise or on the occasion of the exercise of which the offence was committed, or…