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.
The loan offer may only be made to borrowers who bear the exchange rate risk and who have declared on their honour that they receive more than half of their annual income in the currency of the loan or that, at the time the contract is signed, they hold financial or property assets in the same currency equal to at least 20% of the loan in question. This declaration is…
Once the loan has been concluded, the creditor shall regularly warn the borrower, on paper or on another durable medium, at least when the value of the total outstanding amount payable by the borrower or of the regular instalments varies by more than 20% of what it would be if the exchange rate between the currency of the credit agreement and the euro at the time the credit agreement was…
The judicial court hears actions arising from the application of articles L. 313-63 and L. 314-20.
The calculation of the overall effective rate is based on the assumption that the credit agreement will remain valid for the agreed term and that the creditor and borrower will fulfil their obligations in accordance with the conditions and within the periods specified in the credit agreement. For credit agreements containing clauses which allow for adjustments to the interest rate and, where applicable, to the charges included in the overall…
For credit transactions intended to finance the needs of a professional activity or intended for legal persons governed by public law, the overall effective rate is an annual rate, proportional to the period rate, in arrears and expressed per hundred monetary units. The period rate and the duration of the period must be expressly communicated to the borrower.The period rate is calculated actuarially on the basis of a unit period…
For all credit transactions other than those mentioned in article R. 314-2, the annual percentage rate of charge referred to in article L. 314-3 is calculated in arrears, expressed per hundred monetary units, using the equivalence method defined by the formula appended to this code. The borrower must be expressly informed of the duration of the period. The annual percentage rate of charge is calculated actuarially and ensures, using the…
Included in the annual percentage rate of charge for the loan, where they are necessary to obtain the credit or to obtain it on the terms advertised, are in particular:1° Application fees;2° Fees paid or due to intermediaries involved in any way whatsoever in the granting of the loan, even if these fees, commissions or remuneration correspond to actual disbursements;3° Costs of insurance and compulsory guarantees ;4° The costs of…
The following are not included in the annual percentage rate of charge: 1° Costs relating to the acquisition of the properties mentioned in a of 1° of article L. 313-1 as well as the related taxes, notarial deed fees established pursuant to the section 3 of Chapter I of Title IV bis of Book IV of the Arrêtés part of the Code de commerce; 2° Costs payable by the borrower…
In the case of an advance made under a factoring contract, the overall effective rate is an annual rate, proportional to the period rate and expressed per hundred monetary units.The amount of the advance to be taken into consideration for calculating the overall effective rate is related, using the numbers method, to a period of one day.This rate is calculated according to the formula set out in the appendix to…
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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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