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…
In the event of default by the borrower and where immediate repayment of the capital is not requested, the rate increase provided for in article L. 313-50 may not exceed three interest points.
For the advances provided for in articles R. 317-1 et seq. of the French Construction and Housing Code, interest is charged at a rate that cannot exceed the highest of the maximum interest rates for State-guaranteed subsidised loans pursuant to article R. 312-3-1 of the Code de la construction et de l’habitation applicable at the time of the offer of advance.
The indemnity provided for in the event of termination of the credit agreement may not exceed 7% of the sums due in respect of the outstanding capital plus accrued and unpaid interest.
The indemnity provided for in article L. 313-60 in the event of default by the lessee in the performance of hire-purchase contracts or leases accompanied by a promise to sell may not exceed 2% of the share of payments corresponding to the capital value of the property to be made up to the scheduled date of transfer of ownership.
Under the conditions set out in article R. 313-4, the inherent risks and the conditions for granting the loans mentioned in article L. 313-64, are provided to the borrower in the European standardised information sheet referred to in Article L. 313-7.
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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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