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.
The affected credit agreements referred to in 11° of Article L. 311-1 are subject to the provisions of this section.
Whenever payment of the price is made, in whole or in part, using credit, the contract of sale or provision of services shall specify this, regardless of the identity of the lender.
No commitment may validly be entered into by the buyer with regard to the seller until the seller has accepted the credit agreement. Where this condition is not met, the seller may not receive any payment, in any form whatsoever, or any deposit.
As long as the lender has not notified the seller of the granting of credit, and as long as the borrower can exercise his right of withdrawal, the seller is not obliged to fulfil his obligation to deliver or supply. However, where the purchaser expressly requests the immediate delivery or supply of the goods or services, in writing, dated and signed by the purchaser, the withdrawal period available to the…
The borrower’s obligations do not take effect until delivery of the goods or provision of the service.In the case of a contract of sale or provision of services with successive performance, the obligations take effect from the start of delivery or provision and cease if delivery or provision is interrupted.
The seller or service provider shall keep a copy of the credit agreement and present it to the control officers at their request.
The seller or service provider may not receive any payment from the purchaser in any form whatsoever, nor any deposit, in addition to the part of the price that the purchaser has agreed to pay in cash, until the contract relating to the credit transaction has been definitively concluded. If a direct debit authorisation is signed by the purchaser, its validity and effect are subject to that of the contract…
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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
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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
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