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…
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
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
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
Resources
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
Useful links
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.
All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.
