Article L313-45 of the French Consumer Code
November 8, 2023
The provisions of this section shall not apply to sales by auction.
The provisions of this section shall not apply to sales by auction.
For loans with a variable or reviewable interest rate, the lender is required, once a year, to provide the borrower with information relating to the amount of capital still to be repaid. In the event of a change in the borrowing rate, the lender shall provide this information to the borrower on paper or on another durable medium, before the change takes effect. This information shall indicate the amount of…
The borrower may always, on his own initiative, repay in advance, in part or in full, the loans governed by sections 1 to 5 of this chapter. The loan agreement may prohibit repayments equal to or less than 10% of the initial amount of the loan, except in the case of its balance. If the loan agreement includes a clause under which, in the event of early repayment, the lender…
For contracts concluded from the date of entry into force of the loi n° 99-532 du 25 juin 1999 relative à l’épargne et à la sécurité financière, no compensation is payable by the borrower in the event of early repayment when repayment is motivated by the sale of the property following a change in the place of professional activity of the borrower or his/her spouse, by the death or forced…
No compensation or costs other than those mentioned in articles L. 313-47 and L. 313-48 may not be charged to the borrower in cases of early repayment as provided for in these articles.
In the event of default by the borrower and where the lender does not require immediate repayment of the outstanding capital, it may increase, within limits set by decree, the rate of interest that the borrower will have to pay until it has resumed the normal course of contractual repayments.
When the lender requests that the contract be rescinded, it may demand immediate repayment of the outstanding capital and payment of the interest due. Until the date of actual payment, the outstanding sums shall accrue default interest at a rate equal to that of the loan.In addition, the lender may demand compensation from the defaulting borrower which, without prejudice to the application of the article 1231-5 of the Civil Code,…
No compensation or costs other than those mentioned in article L. 313-51 may not be charged to the borrower in the event of default as provided for in this article. However, in the event of default by the borrower, the lender may claim reimbursement from the borrower, subject to justification, of the taxable costs incurred by the lender as a result of the borrower’s default, to the exclusion of any…
Lease-purchase or lease contracts accompanied by a promise to sell relating to the properties mentioned in a of 1° of Article L. 313-1 are subject to the provisions of this chapter, under the conditions set out in this section.
Any advertisement made, received or perceived in France, which, irrespective of its medium, relates to one of the contracts governed by the provisions of this section, shall specify the identity of the lessor, the nature and purpose of the contract.If this advertisement includes one or more quantified elements, it shall mention the term of the lease as well as the annual cost and the total cost of the transaction.
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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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