French Business Law - French Legislation

Article L313-1 of the French Consumer Code

November 8, 2023

The provisions of this chapter apply to: 1° Credit agreements, as defined in 6° of Article L. 311-1, intended to finance the following transactions: a) For buildings for residential use or for professional and residential use: -their acquisition as owner-occupied property or the subscription or purchase of units or shares in companies giving entitlement to their allocation as owner-occupied property, including where these transactions are also intended to enable repair,…

Article L313-2 of the French Consumer Code

November 8, 2023

Excluded from the scope of this chapter are: 1° Loans granted to legal persons governed by public law; 2° Those intended, in any form whatsoever, to finance a professional activity, in particular that of natural or legal persons who, on a regular basis, even if ancillary to another activity, or by virtue of their corporate purpose, provide, in any form whatsoever, buildings or parts of buildings, whether built on or…

Article L313-3 of the French Consumer Code

November 8, 2023

Any advertising document made available to the borrower relating to one of the transactions referred to in article L. 313-1 states that the borrower has a ten-day cooling-off period, that the sale is subject to obtaining the loan and that, if the loan is not obtained, the seller must reimburse any sums paid.

Article L313-4 of the French Consumer Code

November 8, 2023

Any advertisement made, received or perceived in France, which, regardless of its medium, relates to one of the loans mentioned in article L. 313-1, specifies the identity of the lender or credit intermediary and the nature and purpose of the loan. Where this advertising includes an interest rate or figures relating to the cost of the credit to the borrower, it shall also clearly, concisely and prominently state the additional…

Article L313-5 of the French Consumer Code

November 8, 2023

It is forbidden in all advertising and commercial communication to: 1° Equate monthly repayments with rent or refer, for the calculation of instalments, to social benefits that are not provided throughout the term of the contract; 2° Include any wording likely to give rise to false expectations on the part of the consumer regarding the availability or cost of credit.

Article L313-6 of the French Consumer Code

November 8, 2023

The creditor shall ensure the permanent availability of clear and comprehensible general information on the credit agreements referred to in Article L. 313-1. The credit intermediary also ensures that the same information is always available. This information is provided on paper, on any other durable medium or in electronic form. It shall be easily accessible and provided free of charge to the borrower. A decree in the Council of State…

Article L313-7 of the French Consumer Code

November 8, 2023

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…

Article L313-8 of the French Consumer Code

November 8, 2023

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…

Article L313-9 of the French Consumer Code

November 8, 2023

Any insurance intermediary or insurer within the meaning of the Insurance Code offering the borrower insurance to cover a mortgage loan is subject to the obligations set out in article L. 313-8.

Article L313-10 of the French Consumer Code

November 8, 2023

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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Chapter III: Mortgages

Article L313-1 of the French Consumer Code

Article L313-2 of the French Consumer Code

Article L313-3 of the French Consumer Code

Article L313-4 of the French Consumer Code

Article L313-5 of the French Consumer Code

Article L313-6 of the French Consumer Code

Article L313-7 of the French Consumer Code

Article L313-8 of the French Consumer Code

Article L313-9 of the French Consumer Code

Article L313-10 of the French Consumer Code

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Chapter III: Mortgages

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Contact a French Business Lawyer

Do you need French-law advice? Contact our Lawyers in France.

Our attorneys will contact you promptly within 24h. All information exchanged through this website will be communicated to attorneys only, and will remain confidential.

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