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…
Subject to the provisions of the second paragraph, in the cases provided for in Articles L. 341-37, L. 341-38, L. 341-40 and L. 341-41, the lender or lessor may be deprived of the right to interest, in full or in the proportion set by the judge. In the cases provided for in article L. 341-37, if the annual percentage rate of charge determined in accordance with articles L. 314-1 to…
When the sum paid in advance by the purchaser has not been repaid under the conditions provided for in the second paragraph of article L. 313-41, the sum due shall bear interest at half the legal rate from the fifteenth day following the request for reimbursement.
When the sum paid in advance by the lessee has not been returned under the conditions provided for in the second paragraph of article L. 313-62 for a hire-purchase contract and a sale with a promise to sell, the sum due shall bear interest at the legal rate plus half from the fifteenth day following the request for repayment. .
If the lender or lessor fails to comply with any of the obligations set out in articles L. 313-24 and L. 313-25 and the second paragraph of article L. 313-38 is punishable by a fine of 150,000 euros.
A failure by the lender or lessor to comply with one of the obligations set out in article L. 313-55 for a hire-purchase and sale contract with a promise to sell, is punishable by a fine of 150,000 euros.
It is an offence for the lender to cause the borrower or the declared guarantors to subscribe to, or to receive from them, acceptance of the offer without the offer bearing a date or in the event that it bears a false date such as to lead to the belief that it was given after expiry of the ten-day period prescribed in Article L. 313-34, is punishable by a fine…
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Resources
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Useful links
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.
All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.
