It is forbidden in all advertising and commercial communication to: 1° Equate monthly repayments with rent or refer, for the calculation of instalments, to social benefits that are not provided throughout the term of the contract; 2° Include any wording likely to give rise to false expectations on the part of the consumer regarding the availability or cost of credit.
The creditor shall ensure the permanent availability of clear and comprehensible general information on the credit agreements referred to in Article L. 313-1. The credit intermediary also ensures that the same information is always available. This information is provided on paper, on any other durable medium or in electronic form. It shall be easily accessible and provided free of charge to the borrower. A decree in the Council of State…
No later than when the credit offer is issued, the creditor or credit intermediary shall provide the borrower, on paper or on another durable medium, in the form of a European standardised information sheet, with personalised information enabling the borrower to compare the various credit offers available on the market, assess their implications and make an informed decision on whether to enter into a credit agreement. A decree in the…
Any document provided to the borrower, on paper or any other durable medium prior to the formulation of the offer referred to in Article L. 313-24 and including one or more figures on the insurance mentioned in the first paragraph of Article L. 313-29 mentions the cost of this insurance. This cost is expressed: 1° Excluding any other rate, as the annual effective rate of the insurance, which enables the…
Any insurance intermediary or insurer within the meaning of the Insurance Code offering the borrower insurance to cover a mortgage loan is subject to the obligations set out in article L. 313-8.
A standardised information sheet is provided, at the time of the first simulation, to any person who is offered or applies for insurance whose purpose is to guarantee repayment of a loan mentioned in 1° of Article L. 313-1 or to finance the repair, improvement or maintenance of residential property or property used for both professional and residential purposes, where the loan exceeds €75,000 and is secured by a mortgage…
The creditor or credit intermediary shall provide the borrower, free of charge, with adequate explanations to enable the borrower to determine whether the credit agreement or agreements offered and any ancillary services are suited to the borrower’s needs and financial situation. These explanations include in particular: 1° The information contained in the European Standardised Information Sheet referred to in Article L. 313-7, as well as, for credit intermediaries, the information…
Without prejudice to the solvency check referred to in Article L. 313-16, the creditor or credit intermediary shall warn the borrower free of charge when, in view of the borrower’s financial situation, a credit agreement may entail specific risks for the borrower. .
Without prejudice to the provisions relating to adequate explanations and warnings mentioned in articles L. 313-11 and L. 313-12, the lender or intermediary may provide the borrower with advice on the credit agreements defined in Article L. 313-1. The advisory service consists of the provision to the borrower of personalised recommendations regarding one or more credit agreements and constitutes an activity distinct from the granting of credit and the activity…
Advice is considered to be independent if it is provided on the basis of a sufficiently large number of credit agreements available on the market and if its provision does not give rise to any remuneration other than that paid, where applicable, by the borrower. Under no circumstances may the independent advisory service give rise to remuneration in any form whatsoever from a creditor or credit intermediary. The lender or…
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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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