When a revolving credit facility is opened, a credit agreement, on paper or any other durable medium, must be drawn up for the conclusion of the initial credit and, under the same conditions, for any increase in that credit granted subsequently.
Home | French Legislation Articles | French Consumer Code | New legislative part | Book III: CREDIT | Title I: CREDIT TRANSACTIONS | Chapter II: Consumer credit | Section 10: Revolving credit | Subsection 3: Formation of the contract and compulsory information | Article L312-64 of the French Consumer Code
When a revolving credit facility is opened, a credit agreement, on paper or any other durable medium, must be drawn up for the conclusion of the initial credit and, under the same conditions, for any increase in that credit granted subsequently.
Lors de l’ouverture d’un crédit renouvelable, l’établissement d’un contrat de crédit, sur support papier ou tout autre support durable, est obligatoire pour la conclusion du crédit initial et, dans les mêmes conditions, pour toute augmentation de ce crédit consentie ultérieurement.
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is a Registered Trademark of
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182, rue de Rivoli
75001, Paris France
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Paris Bar Registration n° (Toque) C2396
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