Article D312-15 of the French Consumer Code
November 7, 2023
The threshold mentioned in article L. 312-34 is set at €10,000 over a twelve-month period.
The threshold mentioned in article L. 312-34 is set at €10,000 over a twelve-month period.
When the lender demands immediate repayment of the outstanding capital pursuant to article L. 312-39, it may claim compensation equal to 8% of the outstanding capital at the date of default.
Where the lender does not require immediate repayment of the outstanding capital, it may demand compensation from the defaulting borrower equal to 8% of the unpaid due instalments. However, if the lender agrees to defer future instalments, the amount of compensation is reduced to 4% of the deferred instalments.
In the event of default in the performance of a leasing contract accompanied by a promise of sale or hire purchase, the lessor is entitled to demand, pursuant to article L. 312-40, an indemnity equal to the difference between, on the one hand, the residual value excluding taxes of the goods stipulated in the contract, increased by the updated value, on the date of termination of the contract, of the…
When the lessor does not require the contract to be terminated, he may ask the defaulting lessee for compensation equal to 8% of the unpaid due instalments.However, if the lessor accepts deferrals of future instalments, the amount of the compensation is reduced to 4% of the deferred instalments.The amount of the compensation is increased by the applicable tax.
A buyer who requests immediate delivery or provision of the goods or services pursuant to article L. 312-47 must affix to the sales contract a request in his own handwriting in the following terms: “I request immediate delivery (or immediate provision of services).
For the credit referred to in article L. 312-57, the information on the cost of credit that must be indicated in advertising pursuant to article L. 312-6 must be provided using a representative example meeting the following characteristics: 1° An amount of 500 euros; 2° An amount of 1,000 euros; 3° An amount of 3,000 euros; 4° The maximum repayment period provided for in the commercial offer to which the…
Where the advertising mentions a promotional rate or special terms of use that deviate from the normal operation of the credit concerned, the representative example defined in Article D. 312-21 illustrates the normal conditions of performance of the credit agreement.
The representative example must indicate, in the same font size as that provided for the information set out in article L. 312-8 : 1° Its nature as an example; 2° The number of instalments for each instalment of the same amount.
In the cases provided for in article L. 312-7, the representative example indicates, in addition to the information provided for in article D. 312-21 and in the same font size: 1° That the amount of the instalments is given “excluding optional insurance”; 2° The cost of optional insurance to guarantee repayment of the credit. This cost is expressed in the commercial offer to which the advertisement relates in euros per…
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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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