Section 8: Free credit

Any advertisement, irrespective of the medium, relating to a credit transaction with a duration of more than three months and for which no interest or other charges are required, must indicate the amount of any discount on the purchase price granted in the event of cash payment and specify who bears the cost of the credit granted free of charge.

Where a financing transaction involves the assumption of all or part of the costs, the seller may not ask the credit purchaser or hirer for a sum of money greater than the lowest price actually charged for the cash purchase of a similar item or service, in the same retail establishment, during the last thirty days prior to the start of the advertising or offer.

Any credit transaction for consideration offered at the same time as a free or promotional credit transaction is concluded under the terms of a separate credit agreement, on paper, or any other durable medium, in accordance with the provisions of articles L. 312-18 to L. 312-29.