French Business Law - French Legislation

Article R131-49 of the French Monetary and Financial Code

November 6, 2023

Where the account holder is subject to compulsory registration in the Trade and Companies Register or the National Register of Companies as a business in the trades and crafts sector and the amount of the unpaid cheque exceeds an amount determined by joint order of the Minister of Justice, Minister of Justice, and the Minister for the Economy, the drawee shall notify the clerk of the commercial court or, where…

Article R131-50 of the French Monetary and Financial Code

November 6, 2023

The drawee must be able to prove, for a period of two years, the date on which it delivered or sent the cheque forms to the account holder.

Article R131-51 of the French Monetary and Financial Code

November 6, 2023

When the drawee receives a stop payment that is not based on one of the grounds provided for in the second paragraph of article L. 131-35 or written confirmation of such a stop payment, it sends the account holder a letter stating the reason why the stop payment cannot be accepted.

Article D133-1 of the French Monetary and Financial Code

November 6, 2023

For the purposes of Article L. 133-6, where a specific payment instrument is used to give consent, the payer and the payment service provider may agree spending limits for payment transactions executed with that payment instrument. If the deposit account agreement or the payment services framework contract so provides, the payment service provider may reserve the right to block the payment instrument for objectively justified reasons relating to the security…

Article D133-2 of the French Monetary and Financial Code

November 6, 2023

For the purposes of Article L. 133-9, the payment service provider may set a cut-off time close to the end of a business day after which any payment order received is deemed to have been received on the next business day.

Article D133-3 of the French Monetary and Financial Code

November 6, 2023

Where a payment service user has used the means made available to him by his payment service provider in accordance with II of Article L. 133-15 to inform him of the loss, theft or misappropriation of his payment instrument, the payment service provider shall provide the customer, at the latter’s request and for a period of eighteen months from the date on which the customer informed the payment service provider,…

Article D133-4 of the French Monetary and Financial Code

November 6, 2023

Where the liability of a payment service provider under Article L. 133-22 is attributable to another payment service provider or an intermediary, the said payment service provider or intermediary shall compensate the first payment service provider for any losses suffered or sums paid pursuant to the same Article. This compensation shall apply in the event that one of the payment service providers does not use strong customer authentication. Additional financial…

Article D133-5 of the French Monetary and Financial Code

November 6, 2023

For the purposes of II of Article L. 133-26, a payment incident is any rejection of a payment order received by the payer’s payment service provider due to a lack of funds or insufficient funds, regardless of the means of payment used.

Article D133-6 of the French Monetary and Financial Code

November 6, 2023

For payment incidents other than the rejection of a cheque, the charges levied by the payer’s payment service provider in respect of an incident may not exceed the amount of the rejected payment order, subject to a ceiling of €20. The charges levied by the payer’s payment service provider in respect of a payment incident include all sums invoiced by the payer’s payment service provider to the account holder, regardless…

Article D133-7 of the French Monetary and Financial Code

November 6, 2023

A payment instrument is considered to be reserved for small-value payments when the deposit account agreement or the framework contract for payment services relating to that instrument specifies : – it can be used exclusively for payment transactions not exceeding €30 each; – or that it has a spending limit of €150 ; – or that it cannot store more than €150.

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French Monetary and Financial Code

Article R131-49 of the French Monetary and Financial Code

Article R131-50 of the French Monetary and Financial Code

Article R131-51 of the French Monetary and Financial Code

Article D133-1 of the French Monetary and Financial Code

Article D133-2 of the French Monetary and Financial Code

Article D133-3 of the French Monetary and Financial Code

Article D133-4 of the French Monetary and Financial Code

Article D133-5 of the French Monetary and Financial Code

Article D133-6 of the French Monetary and Financial Code

Article D133-7 of the French Monetary and Financial Code

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French Monetary and Financial Code

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Contact a French Business Lawyer

Do you need French-law advice? Contact our Lawyers in France.

Our attorneys will contact you promptly within 24h. All information exchanged through this website will be communicated to attorneys only, and will remain confidential.

We Solve Legal & Tax Issues in France

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