Chapter II: Consumer credit

If the credit agreement so provides, the lender has the option of terminating the open-ended overdraft authorisation subject to at least two months’ notice being provided to the borrower on paper or on another durable medium. In the event of a legitimate reason, such termination may be effected without notice, in which case the lender shall provide the borrower with the reasons, if possible prior to termination. .

Where the account agreement referred to in second paragraph of I of Article L. 312-1-1 of the Monetary and Financial Code provides for the possibility of an overrun, this agreement mentions the borrowing rate, the conditions applicable to this rate, any index or reference rate that relates to the initial borrowing rate, the applicable charges and, where applicable, the conditions under which these charges may be modified. In all cases,…

Where the overrun continues for more than three months, the creditor shall without delay offer the borrower another type of credit transaction within the meaning of 4° of Article L. 311-1, under the conditions governed by the provisions of this chapter.

The provisions of articles L. 312-27, L. 312-92 and L. 312-93 apply to credit granted in the form of an overrun referred to in 11° of Article L. 311-1.

The lender shall ensure that the contracts provided for in this section meet the accessibility requirements for disabled persons set out in Article L. 412-13.