When the deed referred to in article L. 313-40 indicates that the price is paid, directly or indirectly, even partially, using one or more loans governed by the provisions of sections 1 to 5 and section 7 of this chapter, this deed is entered into under the suspensive condition of obtaining the loan or loans that finance it. The period of validity of this condition precedent may not be less…
When the deed referred to in article L. 313-40 indicates that the price will be paid without the aid of one or more loans, this deed shall bear, in the hand of the purchaser, a statement by which the latter acknowledges having been informed that if he nevertheless resorts to a loan he may not avail himself of the provisions of this chapter. In the absence of the indication prescribed…
For expenditure relating to the repair, improvement or maintenance of residential property or property used for both business and residential purposes, where the credit is secured by a mortgage, by another comparable security interest in residential property or by a right attached to residential property, and in the absence of a contract signed by both parties, the suspensive condition provided for in Article L. 313-41 can only result from a…
Where it is stated in the deed recording the loan that the loan is intended to finance real estate works or works by means of a development, construction, project management or contractor contract, the court may, in the event of a dispute or accidents affecting the performance of the contracts and until the dispute is resolved, suspend the performance of the loan contract without prejudice to any right of the…
The provisions of this section shall not apply to sales by auction.
For loans with a variable or reviewable interest rate, the lender is required, once a year, to provide the borrower with information relating to the amount of capital still to be repaid. In the event of a change in the borrowing rate, the lender shall provide this information to the borrower on paper or on another durable medium, before the change takes effect. This information shall indicate the amount of…
The borrower may always, on his own initiative, repay in advance, in part or in full, the loans governed by sections 1 to 5 of this chapter. The loan agreement may prohibit repayments equal to or less than 10% of the initial amount of the loan, except in the case of its balance. If the loan agreement includes a clause under which, in the event of early repayment, the lender…
For contracts concluded from the date of entry into force of the loi n° 99-532 du 25 juin 1999 relative à l’épargne et à la sécurité financière, no compensation is payable by the borrower in the event of early repayment when repayment is motivated by the sale of the property following a change in the place of professional activity of the borrower or his/her spouse, by the death or forced…
No compensation or costs other than those mentioned in articles L. 313-47 and L. 313-48 may not be charged to the borrower in cases of early repayment as provided for in these articles.
In the event of default by the borrower and where the lender does not require immediate repayment of the outstanding capital, it may increase, within limits set by decree, the rate of interest that the borrower will have to pay until it has resumed the normal course of contractual repayments.
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Resources
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Useful links
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.
All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.
