Revolving credit is considered inactive if, for one year from the date of subscription or the date of the last renewal, the credit agreement or any associated means of payment has not been used. The attached document referred to in Article L. 312-80 shall be provided no later than three months before the expiry date of the one-year period.
For the application of the provisions of Article L. 312-85, the lender or credit intermediary shall provide the borrower, in a clear and legible manner, with information concerning: 1° The identity and address of the creditor and, where applicable, the identity and address of the credit intermediary involved; 2° The type of credit ; 3° The amount of the authorisation; 4° The duration of the credit agreement;> and 6° The…
The credit agreement referred to in article L. 312-87 is written in type no smaller than eight-point type. It must state clearly and legibly: 1° The type of credit; 2° The identity and address of the contracting parties and, where applicable, the identity and address of the credit intermediary concerned; 3° The duration of the credit agreement; 4° The amount of the authorisation and the conditions for making it available;…
The statement of account provided for in article L. 312-88 mentions: 1° The precise period to which the account statement relates; 2° The date and balance of the previous statement; 3° The date and amount of uses and repayments since the previous statement; 4° The new balance; 5° The borrowing rate applied since the previous statement; 6° Any charges that have been levied since the previous statement; 7° Where applicable,…
Disputes arising from the application of the provisions of this chapter shall be heard by the court. Actions for payment brought before it in connection with the borrower’s default must be brought within two years of the event that gave rise to them on pain of foreclosure. This event is characterised by: the non-payment of sums due following the termination of the agreement or its expiry;or the first unsettled payment…
The additional information mentioned in article L. 313-4 are as follows: 1° The borrowing rate and whether it is fixed, variable or revisable, or a combination of the two, as well as information about any charges included in the total cost of the credit to the borrower; 2° The total amount of credit; 3° The annual percentage rate of charge for the credit referred to in Article L. 314-3. However,…
The information set out in 1° to 6° of Article R. 313-1 are provided using the representative example referred to in article L. 313-4. This example has the following characteristics: 1° A total amount of credit granted equal to 50,000 euros or a multiple of this sum which may not exceed 500,000 euros; 2° A repayment period equal to five years or a multiple of this period which may not…
The general information mentioned in article L. 313-6 are as follows: 1° The identity of the lender, or where applicable the credit intermediary, and the geographical address of the party providing the information; 2° The possible nature, purpose and duration of the loans offered; 3° The types of borrowing rate proposed and whether they are fixed, variable or revisable, or a combination of the two, as well as a brief…
The personalised information that the creditor or credit intermediary provides to the borrower in the form of the sheet referred to in Article L. 313-7, the model for which is appended to this code, covers: 1° The lender; 2° The credit intermediary, where applicable; 3° The main characteristics of the loan;> and 4° The interest rate and other charges; 5° The number and frequency of each instalment; 6° The amount…
All the information mentioned in article R. 313-4 is presented, on paper or on another durable medium, in the form of a single document, in accordance with the European standardised information sheet referred to in Article L. 313-7, a model of which is appended to this code.
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75001, Paris France
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is a Registered Trademark of
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182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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