French Business Law - French Legislation

Article R313-6 of the French Consumer Code

November 7, 2023

Where the credit agreement allows for adjustments to the borrowing rate, this possibility and its possible effects on the amounts due and on the annual percentage rate of charge are mentioned in the European standardised information sheet referred to in Article L. 313-7. To this end, the borrower is provided with an additional annual percentage rate of charge illustrating the possible risks associated with a substantial increase in the borrowing…

Article R313-7 of the French Consumer Code

November 7, 2023

The information required pursuant to articles R. 222-1 and R. 222-2 of this code and R. 341-16 of the Monetary and Financial Code which appear in the European Standardised Information Sheet are deemed to have been provided at the time of supply of this sheet. Any other additional information mentioned in the third paragraph of Article L. 313-7, which is provided to the borrower by the creditor or credit intermediary,…

Article R313-8 of the French Consumer Code

November 7, 2023

The standardised information sheet referred to in article L. 313-10 sets out in a clear and legible manner the main features of the insurance intended to guarantee repayment of a loan subject to the provisions of Chapter III of Title I, a model of which is appended to this code. .

Article R313-9 of the French Consumer Code

November 7, 2023

This sheet referred to in article L. 313-10 in particular specifies: 1° The definition and description of the types of cover offered under the insurance to the borrower; 2° Where applicable, the characteristics of the minimum guarantees required by the lender in order to grant the property loan; 3° The types of cover that the borrower intends to choose from among those mentioned in 1° and the proportion of the…

Article R313-10 of the French Consumer Code

November 7, 2023

The sheet referred to in article L. 313-10 is provided to each borrower or co-borrower.

Article R313-11 of the French Consumer Code

November 7, 2023

The creditor or credit intermediary shall explicitly indicate to the borrower whether it offers the advisory service referred to in Article L. 313-13. Before the conclusion of the contract relating to this service, it specifies, on paper or on any other durable medium: 1° Whether it is an independent adviser referred to in article L. 313-14; 2° If the recommendation made in the context of this service relates to the…

Article R313-12 of the French Consumer Code

November 7, 2023

In order to be able, in the context of providing an advisory service, to recommend appropriate credit agreements to the borrower, the creditor or credit intermediary shall gather the necessary information on the borrower, on his personal and financial situation and on his preferences and objectives. This recommendation is based on up-to-date information and on reasonable assumptions as to the risks incurred by the borrower during the term of the…

Article R313-13 of the French Consumer Code

November 7, 2023

The procedures and information on which the assessment of creditworthiness referred to in Article L. 313-16 are documented and kept by the lender throughout the term of the credit.

Article R313-14 of the French Consumer Code

November 7, 2023

The assessment of solvency is based on information relating to: 1° The borrower’s income, savings and assets; 2° The borrower’s regular expenditure, debts and other financial commitments. The creditor shall take into account, as far as possible, events that may occur during the term of the proposed credit agreement such as, where applicable, a possible increase in the borrowing rate or a risk of a negative change in the exchange…

Article R313-15 of the French Consumer Code

November 7, 2023

The creditor or credit intermediary shall warn the borrower of the need to provide accurate and complete information so that a proper assessment can be made. The lender or credit intermediary shall inform the borrower that credit cannot be granted if the lender is unable to carry out a credit assessment due to the borrower’s refusal to provide this information. The creditor shall keep proof of this warning on a…

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Title I: CREDIT TRANSACTIONS

Article R313-6 of the French Consumer Code

Article R313-7 of the French Consumer Code

Article R313-8 of the French Consumer Code

Article R313-9 of the French Consumer Code

Article R313-10 of the French Consumer Code

Article R313-11 of the French Consumer Code

Article R313-12 of the French Consumer Code

Article R313-13 of the French Consumer Code

Article R313-14 of the French Consumer Code

Article R313-15 of the French Consumer Code

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Title I: CREDIT TRANSACTIONS

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