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Section 9: Loans denominated in a currency other than the euro

Article L313-64 of the French Consumer Code

Borrowers may only take out loans denominated in a currency other than the euro, repayable in euros or in the currency concerned, if they declare that they mainly receive their income or hold assets in that currency at the time the loan contract is signed, unless the exchange rate risk is not borne by the borrower. At the latest when the loan offer is issued, the lender informs the borrower…

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