If the lender grants a life mortgage without making a prior offer to the borrower in accordance with article L. 315-9 or under conditions that do not comply with articles L. 315-10 and L. 315-11, is punishable by a fine of 150,000 euros.
Home | French Legislation Articles | French Consumer Code | New legislative part | Book III: CREDIT | Title IV: PENALTIES | Chapter I: Credit transactions | Section 6: Life mortgage | Subsection 2: Criminal penalties | Article L341-57 of the French Consumer Code
If the lender grants a life mortgage without making a prior offer to the borrower in accordance with article L. 315-9 or under conditions that do not comply with articles L. 315-10 and L. 315-11, is punishable by a fine of 150,000 euros.
Le fait pour le prêteur d’accorder un prêt viager hypothécaire sans saisir l’emprunteur d’une offre préalable conforme à l’article L. 315-9 ou dans des conditions non conformes aux articles L. 315-10 et L. 315-11, est puni d’une amende de 150 000 euros.
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PETROFF LAW FIRM (SELARL LEGASTRAT)
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75001, Paris France
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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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