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Article R314-11 of the French Consumer Code

The annual effective rate of insurance referred to in article L. 312-7 is equal to the difference between: 1° The annual percentage rate of charge defined in article L. 314-1, calculated in accordance with articles R. 314-1 to R. 314-10 on the assumption that the insurance proposed for the purpose of repaying the credit is fully required by the lender, on the one hand, and; 2° The annual percentage rate…

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Article R314-12 of the French Consumer Code

The annual effective rate of insurance referred to in article L. 313-8 is equal to the difference between: 1° The annual percentage rate of charge defined in article L. 314-1, calculated in accordance with articles R. 314-1 to R. 314-10 on the assumption that the insurance proposed for the purpose of repaying the credit is fully required by the lender, on the one hand, and; 2° The annual percentage rate…

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