French Business Law - French Legislation

Article L312-12 of the French Consumer Code

November 8, 2023

Prior to the conclusion of the credit agreement, the creditor or credit intermediary shall provide the borrower, in the form of an information sheet, on paper or on another durable medium, with the information required to compare different offers and enabling the borrower, taking into account his preferences, to clearly apprehend the extent of his commitment. The list and content of the information to be included in the information sheet…

Article L312-13 of the French Consumer Code

November 8, 2023

At the borrower’s request, if the creditor is prepared to grant the borrower credit, the creditor shall provide, free of charge, in addition to the information referred to in Article L. 312-12, a copy of the contract offer on paper or any other durable medium. Any additional information that the lender wishes to give the borrower is provided in a document separate from the sheet referred to in article L….

Article L312-14 of the French Consumer Code

November 8, 2023

The creditor or credit intermediary shall provide the borrower with explanations enabling him to determine whether the proposed credit agreement is suited to his needs and financial situation, in particular on the basis of the information contained in the sheet referred to in Article L. 312-12. It draws the borrower’s attention to the essential characteristics of the loan or loans proposed and to the consequences that these loans may have…

Article L312-15 of the French Consumer Code

November 8, 2023

Where the conclusion of a transaction mentioned in article L. 312-1 gives the right, or may give the right, free of charge, immediately or in the future, to a premium in the form of products or goods, the value of this premium may not exceed a threshold set by order of the Minister for the Economy.

Article L312-16 of the French Consumer Code

November 8, 2023

Before entering into the credit agreement, the creditor checks the borrower’s creditworthiness on the basis of sufficient information, including information provided by the borrower at the request of the creditor. The creditor shall consult the file provided for in article L. 751-1, under the conditions set out in the order referred to in article L. 751-6, except in the case of a transaction referred to in 1 of article L….

Article L312-17 of the French Consumer Code

November 8, 2023

Where credit transactions are concluded at the point of sale or by means of a distance communication technique, an information sheet separate from the sheet referred to in Article L. 312-12 is provided by the creditor or credit intermediary to the borrower. This information sheet, drawn up on paper or on another durable medium, includes details of the borrower’s income and expenditure and, where applicable, any current loans taken out…

Article L312-18 of the French Consumer Code

November 8, 2023

The credit agreement offer is drawn up on paper or on another durable medium. It shall be provided in as many copies as there are parties and, where applicable, to each of the guarantors. Delivery or dispatch of the offer of a credit agreement to the borrower obliges the creditor to maintain the terms and conditions for a minimum period of fifteen days from such delivery or dispatch.

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French Consumer Code

Article L312-12 of the French Consumer Code

Article L312-13 of the French Consumer Code

Article L312-14 of the French Consumer Code

Article L312-15 of the French Consumer Code

Article L312-16 of the French Consumer Code

Article L312-17 of the French Consumer Code

Article L312-18 of the French Consumer Code

Article L312-19 of the French Consumer Code

Article L312-20 of the French Consumer Code

Article L312-21 of the French Consumer Code

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French Consumer Code

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