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Section 3: Pre-contractual information for borrowers

Article L313-7 of the French Consumer Code

No later than when the credit offer is issued, the creditor or credit intermediary shall provide the borrower, on paper or on another durable medium, in the form of a European standardised information sheet, with personalised information enabling the borrower to compare the various credit offers available on the market, assess their implications and make an informed decision on whether to enter into a credit agreement. A decree in the…

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Article L313-8 of the French Consumer Code

Any document provided to the borrower, on paper or any other durable medium prior to the formulation of the offer referred to in Article L. 313-24 and including one or more figures on the insurance mentioned in the first paragraph of Article L. 313-29 mentions the cost of this insurance. This cost is expressed: 1° Excluding any other rate, as the annual effective rate of the insurance, which enables the…

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Article L313-10 of the French Consumer Code

A standardised information sheet is provided, at the time of the first simulation, to any person who is offered or applies for insurance whose purpose is to guarantee repayment of a loan mentioned in 1° of Article L. 313-1 or to finance the repair, improvement or maintenance of residential property or property used for both professional and residential purposes, where the loan exceeds €75,000 and is secured by a mortgage…

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