Subsection 2: Advisory service

Without prejudice to the provisions relating to adequate explanations and warnings mentioned in articles L. 313-11 and L. 313-12, the lender or intermediary may provide the borrower with advice on the credit agreements defined in Article L. 313-1. The advisory service consists of the provision to the borrower of personalised recommendations regarding one or more credit agreements and constitutes an activity distinct from the granting of credit and the activity…

Advice is considered to be independent if it is provided on the basis of a sufficiently large number of credit agreements available on the market and if its provision does not give rise to any remuneration other than that paid, where applicable, by the borrower. Under no circumstances may the independent advisory service give rise to remuneration in any form whatsoever from a creditor or credit intermediary. The lender or…

Only advice qualified as independent within the meaning of article L. 313-14 may give rise to remuneration. This remuneration comes solely from the borrower.