Section 4: Explanations provided to borrowers and assessment of their creditworthiness

The valuation referred to in article L. 313-20 consists of determining the value of the property after analysing all the documents provided by the lender that are useful for carrying out the valuation in accordance with the standards in force.

The assessment referred to in article L. 313-20 gives rise to the drafting of an appraisal document taking into account, in accordance with the standards mentioned in 2° of the same article, the legal, economic, technical and tax factors used to establish the value of the property. This valuation is recorded on a durable medium. The list of documents kept by the lender is specified by decree.

The lender shall keep appropriate records concerning the types of property accepted as collateral and the procedures relating thereto in relation to the granting of loans referred to in 2° of Article L. 313-1.