The borrower may terminate an open-ended overdraft authorisation at any time and free of charge, unless the parties have agreed a period of notice. This period may not exceed one month.
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.
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,…
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…
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.
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…
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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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