By Charlotte GAUCHON
22 March 2025
Credit mechanisms are based on a natural imbalance between lender and borrower. The law attempts to correct this asymmetry through strict disclosure requirements, particularly regarding the Annual Percentage Rate (APR). Understanding these requirements protects your rights as a borrower and, in certain situations, may allow you to contest undue charges. Disclosure requirements depending on the type of credit For consumer loans The Consumer Code requires credit institutions to provide comprehensive information on the Annual Percentage Rate (APR) – the name given to the APR for consumer credit. This information must be included in: The pre-contractual information sheet (Article L.312-12 of the Consumer Code) The credit agreement offer (Article L.312-18) The APR represents not only the interest, but all the mandatory costs associated with the credit. The legislator requires this transparency to enable consumers to effectively compare different commercial offers. For loans...
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