If the credit agreement or any associated means of payment has not been used for a period of one year, the creditor who intends to offer to renew the agreement shall provide the borrower, on paper or any other durable medium, at the end of the previous year, with a document setting out the terms and conditions of such renewal. This document shall indicate the identity of the parties, the…
If the borrower fails to return the document referred to in article L. 312-80, signed and dated, no later than twenty days before the due date of the agreement, the creditor shall suspend the borrower’s right to use the credit on that date. The suspension may only be lifted at the request of the borrower and after verification of the borrower’s solvency under the conditions set out in article L….
If the borrower has not requested that the suspension be lifted by the end of the period of one year following the date on which his revolving credit agreement was suspended, the agreement shall be terminated ipso jure. .
Where the credit facility is accompanied by the use of a credit card, the charging of the fee linked to the benefit of this means of payment does not prevent the implementation of the provisions of article L. 312-82.
The provisions of 1° to 3° of article L. 312-6 and those of articles L. 312-16, L. 312-17, L. 312-27, L. 312-38, L. 312-39, L. 312-44, L. 312-48, L. 312-49, L. 312-54, L. 312-55, L. 312-56 and L. 312-85 to L. 312-91 apply to credit granted in the form of an overdraft facility repayable within a period of more than one month and less than or equal to three months….
Prior to entering into a transaction referred to in the first paragraph of Article L. 312-84, the lender shall provide the borrower, on paper or on another durable medium, with information enabling the borrower to clearly understand the extent of its commitment. The list and conditions of presentation of this information are set by decree in the Conseil d’Etat.
If the creditor is prepared to grant credit, he shall provide the borrower, free of charge, at his request, on paper or any other durable medium, with the information provided for in the second paragraph of Article L. 312-87.
The credit agreement is drawn up on paper or on another durable medium. It constitutes a document distinct from any advertising medium or document. The list of information appearing in the contract is set by decree in the Conseil d’Etat.
For transactions granted in the form of an overdraft authorisation repayable within a period of more than one month, the lender is required to send the borrower, on a regular basis, on paper or on another durable medium, a statement of account including information, the list and content of which are set by decree in the Conseil d’Etat.
In the event of an increase in the borrowing rate or in the charges for which the borrower is liable, the borrower is informed on paper or on another durable medium before these changes come into force. Where the change in the borrowing rate results from a change in the reference rate, the new reference rate is made public by appropriate means and information on the new reference rate is…
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is a Registered Trademark of
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182, rue de Rivoli
75001, Paris France
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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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