Goods Under A Credit Agreement

more precise wording on interest rate information (Article 11) and open credit contracts (Article 12) to better protect consumers. As with pre-contract information, there are rules on what should be in the credit contract document signed by the borrower. This document must also be clear, concise and easy to understand. The identity and geographic address of the lender and, if applicable, the identity and geographic address of the credit intermediary concerned; indicates, in advertising and consumer documentation, the extent of its powers, including whether it cooperates exclusively with one or more creditors or as an independent broker; 3. In the case of a credit contract in the form of an overdraft facility and for a debt or within three months, only Articles 1 to 3, Article 4, paragraph 1, points (a) of Article 4, paragraph 2, Article 4, paragraph 4, paragraph 4, paragraph 4, Articles 6 to 9, Article 10, paragraph 1, points (a) to g) ( (l) and Article 10, paragraph 2), Article 10, paragraph 3, Article 12, Article 15, Article 16, paragraph 1, first sentence, Articles 17 and Articles 19-32 apply. i.e. from the date the credit agreement is concluded; or helps consumers prepare credit contracts other than those covered in i); or Member States should be free to maintain or introduce national provisions prohibiting the creditor from imposing on the consumer, under the credit contract, to open a bank account or to enter into an agreement on another ancillary benefit or to pay expenses or expenses related to these bank accounts or other ancillary services. In Member States where such combined offers are permitted, consumers should be informed, prior to the conclusion of the credit contract, of all compulsory ancillary services, so that the credit can be purchased in general or under marketed conditions. The costs of these ancillary benefits should be included in the total cost of the credit; If the level of these costs cannot be determined in advance, consumers should be provided with appropriate information on the existence of costs in a pre-contract phase.