Title IV: PENALTIES

Failure to comply with the provisions of article L. 314-5 is punishable by a fine of 150,000 euros. As additional penalties, guilty natural persons are also liable to a ban, in accordance with the terms set out in the Article 131-27 of the Criminal Code, to hold a public office or to engage in the professional or social activity in the exercise or on the occasion of the exercise of…

Granting a usurious loan to another person or assisting, in any capacity or in any way whatsoever, directly or indirectly, in obtaining or granting a usurious loan or a loan that would become usurious within the meaning of Article L. 314-6 is punishable by two years’ imprisonment and a fine of 300,000 euros. In the event of a conviction, the court may also order: 1° The publication of its decision…

As regards the offence referred to in Article L. 341-50, the statute of limitations for public action runs from the date of the last collection of either interest or capital.

If an advertiser disseminates or causes to be disseminated advertising that does not comply with the obligations set out in articles L. 315-4 to L. 315-7 is punishable by a fine of 150,000 euros.

If the lender grants a life mortgage without making a prior offer to the borrower in accordance with article L. 315-9 or under conditions that do not comply with articles L. 315-10 and L. 315-11, is punishable by a fine of 150,000 euros.

A failure by the lender to repay the sums due under article L. 315-15 on expiry of the term when the debt is less than the value of the property, is punishable by a fine of 300,000 euros.