When, pursuant to article L. 313-16 the creditor requests the information and supporting documents necessary to verify creditworthiness, and indicates the deadlines by which these items must be provided. Where necessary, the creditor may request clarification of the information received in response to the request. .
The property valuation expert mentioned in 1° of article L. 313-20 is: 1° Either an external appraiser, a natural or legal person, who is an appraisal expert with no ties to the lender, whether subordinate, family or capital, and who has no personal economic interest in the appraised property; 2° Or an internal appraiser, a natural or legal person, who does not meet one or more of the conditions mentioned…
The appraiser provides evidence of professional skills resulting from:1° Either a higher education diploma attesting to specific real estate training and professional experience of at least three consecutive years with a real estate appraiser or a real estate appraisal firm ;2° Or a higher education diploma, supplemented by specific real estate training sanctioned by a diploma and professional experience of at least two consecutive years with a real estate appraiser…
The appraiser ensures that his/her knowledge useful for the appraisal is kept up to date in the technical, legal, tax and accounting fields, through appropriate professional training that takes particular account of changes in the applicable legislation or regulations. They must provide proof that their skills have been kept up to date as part of their continuing training, by presenting certificates.
The documents mentioned in Article L. 313-22 of the French Consumer Code are : 1° The appraisal document and the documents mentioned in article L. 313-21; 2° Documents proving that the expert meets the requirements set out in article L. 313-20.
Before making the offer referred to in Article L. 313-24, and unless it is clear that this is not the case, the creditor or credit intermediary shall ask the borrower whether the purpose of the credit transaction is to repay at least two previous debts, including a current loan. If the answer is in the affirmative, the borrower is provided with the information set out in articles R. 314-19 to…
The amount of the survey fee, provided for in article L. 313-38, which the lender may request from the borrower when the contract for which the loan was requested has not been concluded, is limited to 0.75% of the amount of the loan, up to a maximum of 150 euros.
When the borrower wishes to make use of the option to substitute the insurance contract provided for in article L. 313-30 before the loan offer mentioned in article L. 313-24 is issued, the lender and the delegated insurer exchange the following information: 1° The lender shall send the delegated insurer, via the prospective borrower, on paper or on another durable medium, for each of the loans concerned, the following information:…
When the borrower wishes to make use of the option to substitute the insurance contract provided for in Article L. 313-30 after the loan offer referred to in Article L. 313-24, the borrower sends the loan offer issued or the credit agreement to the insurer of his choice, on paper or on another durable medium. Once the delegated insurer has undertaken to grant its guarantee, the insurance contract shall mention…
The indemnity that may be payable by the borrower in the event of early repayment, as provided for in article L. 313-47, may not exceed the value of half a year’s interest on the capital repaid at the average rate for the loan, without exceeding 3% of the capital outstanding before repayment. In the event that a credit agreement has different interest rates for different repayment periods, the indemnity referred…
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182, rue de Rivoli
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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