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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.

Original in French 🇫🇷
Article L341-57


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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