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French Monetary and Financial Code

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Article L513-24 of the French Monetary and Financial Code

November 7, 2023

Where the société de crédit foncier is the subject of safeguard, receivership or liquidation proceedings, the Specific Controller shall make the declaration provided for in Article L. 622-24 of the French Commercial Code in the name and on behalf of the holders of claims benefiting from the preferential right defined in Article L. 513-11. The provisions of Chapters II and IV of Title II of Book VIII of the Commercial…

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Article L513-26 of the French Monetary and Financial Code

November 7, 2023

Notwithstanding articles 1349 of the French Civil Code and L. 228-44 and L. 228-74 of the French Commercial Code, sociétés de crédit foncier may subscribe to their own “obligations foncières” for the sole purpose of using them as collateral for Banque de France credit operations in accordance with the procedures and conditions determined by the Banque de France for its monetary policy and intraday credit operations, in the event that…

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Article L513-26-1 of the French Monetary and Financial Code

November 7, 2023

I.-Sociétés de crédit foncier may use the “European covered bond” label for the “obligations foncières” and other senior debt referred to in Article L. 513-2, paragraph 2 of the first paragraph that they issue in compliance with the provisions of this section. II -Sociétés de crédit foncier may use the “European investment grade covered bond” label for the “obligations foncières” and other senior debt referred to in Article L. 513-2(I)(2)…

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Article L513-28 of the French Monetary and Financial Code

November 7, 2023

Housing finance companies are specialised credit institutions whose sole purpose is to grant or finance housing loans and to hold securities, exposures and deposits under conditions defined by decree in the Conseil d’Etat. These companies are governed by Articles L. 513-3, L. 513-5 and L. 513-7 to L. 513-26-1 , subject to the provisions of this section.

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Article L513-29 of the French Monetary and Financial Code

November 7, 2023

I. – To achieve their purpose, housing finance companies may: 1° Grant loans to any credit institution guaranteed by the remittance, assignment or pledging of the receivables referred to in II, in accordance with the provisions of articles L. 211-36 to L. 211-40 or articles L. 313-23 to L. 313-35, whether or not these receivables are professional in nature; 2° Acquire promissory notes issued by any credit institution under the…

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Article L513-30 of the French Monetary and Financial Code

November 7, 2023

I. – To finance the operations referred to in Article L. 513-29, housing finance companies may issue bonds called housing finance bonds benefiting from the privilege defined in Article L. 513-11 and raise other resources whose contract or document intended for public information provided for in Regulation (EU) No 2017/1129 of 14 June 2017 or any equivalent document required for admission to foreign regulated markets mentions this privilege. Ia –…

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Article L513-31 of the French Monetary and Financial Code

November 7, 2023

Article L. 632-2 of the French Commercial Code does not apply to contracts entered into by a housing finance company or to legal acts performed by or for the benefit of a housing finance company where such contracts or acts directly relate to the transactions provided for in Articles L. 513-28 to L. 513-30 of this Code.

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Article L513-32 of the French Monetary and Financial Code

November 7, 2023

In each housing finance company, the specific controller referred to in Article L. 513-23 ensures that the company complies with Articles L. 513-28 to L. 513-30. It also verifies that the housing loans granted or financed by the housing finance company comply with the purpose defined in Article L. 513-28 and meet the conditions set out in Articles L. 513-29 and L. 513-30. In addition, for housing finance bonds for…

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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
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182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396

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