No vendor or service provider may, for the same goods or services, have the same customer sign one or more credit agreements for a total capital amount greater than the value payable on credit of the goods purchased or services provided. This provision does not apply to the revolving credit agreements referred to in article L. 312-57.
In the event of a change in the borrowing rate, the borrower shall be informed on paper or on another durable medium before the change takes effect. This information shall indicate the amount of the instalments after the new borrowing rate comes into effect and, where applicable, any change in the number or frequency of instalments. When the change in the borrowing rate results from a change in the borrowing…
For the credit transactions mentioned in this chapter, excluding hire-purchase and hire-purchase with a purchase option, the creditor shall provide the borrower, at least once a year, with information relating to the amount of capital still to be repaid, on paper or any other durable medium. This information shall appear, in legible characters, on the first page of the document provided to the borrower.
Where the lender has required the borrower to take out insurance and the borrower has taken out insurance with the insurer of his choice, the insurer shall inform the lender of any substantial change to the insurance contract.
The borrower may at any time, at his or her own initiative, repay the credit granted to him or her early, in whole or in part. In this case, interest and charges relating to the remaining term of the credit agreement are not due.No early repayment indemnity may be claimed from the borrower in the following cases:1° In the case of overdraft authorisation;2° If the early repayment has been made…
The provisions of article L. 312-34 do not apply to leasing transactions with a purchase option.
As soon as the borrower first defaults on repayment, the lender shall inform the borrower, on paper or any other durable medium, of the risks it incurs under Articles L. 312-39 and L. 312-40 as well as, where applicable, under the article L. 141-3 of the Insurance Code. This warning does not prevent the lender from temporarily paying the insurance premium for the credit for which arrears have been recorded,…
When the lender has required the borrower to take out insurance and the borrower has taken out insurance with the insurer of his choice, the insurer shall inform the lender of the borrower’s non-payment of the insurance premium. .
No compensation or costs other than those mentioned in articles L. 312-39 and L. 312-40 may not be charged to the borrower in the event of default provided for in these articles. However, in the event of default by the borrower, the lender may claim reimbursement from the borrower of the taxable costs incurred as a result of the borrower’s default, to the exclusion of any flat-rate reimbursement of collection…
If the borrower defaults, the lender may demand immediate repayment of the outstanding capital plus any accrued but unpaid interest. Until the date of actual payment, the outstanding sums accrue default interest at a rate equal to that of the loan.In addition, the lender may demand compensation from the defaulting borrower which, depending on the remaining term of the contract and without prejudice to the application of the article 1231-5…
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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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