Chapter V: Life mortgage and transfer advance loan

The amount provided for in article L. 315-16, below which the lender is entitled to refuse early partial repayment of the loan by the borrower, is set at 10% of the capital paid in. .

The indemnity, if any, payable by the borrower, provided for in article L. 315-17, may not exceed an amount corresponding to the following terms and conditions: 1° Where the capital amount of the loan is paid in a single instalment: a) Four months’ interest on the capital to be repaid, at the interest rate for the loan set out in the loan agreement, if the request for early repayment is…

For the application of the third paragraph of article L. 315-2, the lending institution may, either at the time of conclusion of the initial loan agreement, or subsequently with the consent of the borrower, provide for a term of at least ten years, at the end of which the amortisation of the transfer advance loans is initiated if the transfer of the property has not taken place before that date.