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Article D314-27 of the French Consumer Code

The training referred to in Article L. 314-25 allows, as a minimum, to acquire under the pre-established programme mentioned in article L. 6353-1 of the Labour Code: 1° The knowledge required for the distribution of consumer credit: a) The nature and characteristics of the various forms of consumer credit that the trainee is likely to market, distinguishing between the financing needs that they are likely to meet; b) Analysis of…

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Article D314-28 of the French Consumer Code

The content of the training may be adapted where the persons concerned can provide their employer with evidence of having obtained a national diploma covering the knowledge, diligence and approaches provided for in Article D. 314-27. This national diploma attests to a first cycle of higher education in law, economics, finance or management, at level III within the meaning of the nomenclature of training levels used by the Commission nationale…

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Article R315-2 of the French Consumer Code

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…

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Article R315-3 of the French Consumer Code

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.

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Article R341-1 of the French Consumer Code

The fact that an advertiser disseminates or causes to be disseminated advertising that does not comply with the obligations laid down in articles L. 312-5, L. 312-6 and L. 312-8 to L. 312-11 is punishable by the fine laid down for 5th class offences. The court may also order publication of the judgment and rectification of the advertising at the expense of the convicted person.

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Article R341-4 of the French Consumer Code

If the creditor fails to comply with the formalities prescribed in Article L. 312-18 or failing to include a detachable form in the offer of a credit agreement, pursuant to the provisions of article L. 312-21, is punishable by the fine laid down for 5th class offences.

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