Section 2: Pre-contractual information for borrowers

For the application of the provisions of Article L. 312-12, the creditor or credit intermediary shall provide the borrower with information concerning: 1° The identity and address of the creditor and, if applicable, the identity and address of the credit intermediary concerned; 2° The type of credit;> and 3° The total amount of credit and the conditions under which the funds will be made available; 4° The duration of the…

For the calculation of the overall effective rate, if the agreement provides for the possibility for the borrower to dispose of the sums available under the credit agreement according to different terms and conditions accompanied by different charges or different borrowing rates, the creditor shall specify the terms and conditions he has taken as a reference in accordance with the assumption set out in 3° of Part II of the…

In the case of a credit agreement under which the instalments do not immediately result in a corresponding amortisation of the total amount of credit, but serve to reconstitute the capital at the periods and under the conditions laid down in the credit agreement or in an ancillary agreement, the pre-contractual information shall state that this method of performance does not guarantee repayment of the total amount of credit granted,…

All the information provided for in articles R. 312-2 to R. 312-4 is presented in accordance with the information sheet referred to in article L. 312-12 and appended to this code. Before providing this sheet, 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 transaction is to repay at least two previous debts, including…

Any additional information provided to the borrower by the creditor or credit intermediary, in particular in the event of application of the rules relating to canvassing or those relating to credit consolidation, provided for in Articles R. 314-18 et seq, is shown on a separate document, which may be attached to the form referred to in Article R. 312-5.