Where the advertising is in writing and whatever the medium, the information relating to the nature of the transaction, the conditions for determining the overall effective rate and, in the case of a promotional rate, the period during which that rate applies, shall appear in a font size at least as large as that used to indicate any other information relating to the characteristics of the financing and shall be…
The following are prohibited in all advertising: 1° The mention that a loan may be granted without information enabling the borrower’s financial and asset situation to be assessed; 2° The indication of the additional resource offered by the loan if it is not followed by information on the terms and conditions of the transaction as provided for by the provisions of articles L. 315-20 and L. 315-21.
The preliminary offer of credit must be distinct from any advertising medium or document.
A life mortgage or advance transfer loan transaction may not be canvassed within the meaning of the seventh paragraph of Article L. 341-1 of the Monetary and Financial Code.
The life mortgage or advance transfer loan transaction is concluded under the terms of a prior offer containing the following information: 1° The identity of the parties and the date of acceptance of the offer; 2° The exact description of the mortgaged property, in accordance with the requirements of the land registry; 3° The value of the mortgaged property estimated by an expert chosen by the parties and the costs…
Delivery of the offer obliges the lender to maintain the terms it contains for a minimum period of thirty days from its issue.
The offer cannot be accepted until ten days after it has been received by the borrower. Until the offer is accepted by the borrower, no payment in any form whatsoever may be made by the lender to the borrower or on the borrower’s behalf, or by the borrower to the lender, in respect of the transaction in question.Until such acceptance, the borrower may not, in the same way, make any…
The borrower must take all reasonable care of the mortgaged property.
As stated in Article 1305-4 of the Civil Code, the debtor cannot claim the benefit of the term if he does not provide the securities promised to the creditor or if he reduces those which guarantee the obligation.
The debtor also loses the benefit of the term when he changes the use of the mortgaged property or when he refuses the creditor access to the mortgaged property to ensure that it is in a good state of maintenance and preservation or, in the case of a loan with periodic interest payments, when he defaults on one or more interest instalments. In the event of default by the borrower…
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RCS Paris n°814433470
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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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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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