Directive 2014/17/EU of the European Parliament and of the Council of 4 February ... (32014L0017)
Directive 2014/17/EU of the European Parliament and of the Council of 4 February 2014 on credit agreements for consumers relating to residential immovable property and amending Directives 2008/48/EC and 2013/36/EU and Regulation (EU) No 1093/2010 Text with EEA relevance
- DIRECTIVE
- 2014/17/EU
- OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL
- of 4 February 2014
- on credit agreements for consumers relating to residential immovable property and amending Directives 2008/48/EC and 2013/36/EU and Regulation (EU) No 1093/2010
- (Text with EEA relevance)
- CHAPTER 1
- SUBJECT MATTER, SCOPE, DEFINITIONS AND COMPETENT AUTHORITIES
- Article 1
- Subject matter
- Article 2
- Level of harmonisation
- Article 3
- Scope
- Article 4
- Definitions
- Article 5
- Competent authorities
- CHAPTER 2
- FINANCIAL EDUCATION
- Article 6
- Financial education of consumers
- CHAPTER 3
- CONDITIONS APPLICABLE TO CREDITORS, CREDIT INTERMEDIARIES AND APPOINTED REPRESENTATIVES
- Article 7
- Conduct of business obligations when providing credit to consumers
- Article 8
- Obligation to provide information free of charge to consumers
- Article 9
- Knowledge and competence requirements for staff
- CHAPTER 4
- INFORMATION AND PRACTICES PRELIMINARY TO THE CONCLUSION OF THE CREDIT AGREEMENT
- Article 10
- General provisions applicable to advertising and marketing
- Article 11
- Standard information to be included in advertising
- Article 12
- Tying and bundling practices
- Article 13
- General information
- Article 14
- Pre-contractual information
- Article 15
- Information requirements concerning credit intermediaries and appointed representatives
- Article 16
- Adequate explanations
- CHAPTER 5
- ANNUAL PERCENTAGE RATE OF CHARGE
- Article 17
- Calculation of the APRC
- CHAPTER 6
- CREDITWORTHINESS ASSESSMENT
- Article 18
- Obligation to assess the creditworthiness of the consumer
- Article 19
- Property valuation
- Article 20
- Disclosure and verification of consumer information
- CHAPTER 7
- DATABASE ACCESS
- Article 21
- Database access
- CHAPTER 8
- ADVISORY SERVICES
- Article 22
- Standards for advisory services
- CHAPTER 9
- FOREIGN CURRENCY LOANS AND VARIABLE RATE LOANS
- Article 23
- Foreign currency loans
- Article 24
- Variable rate credits
- CHAPTER 10
- SOUND EXECUTION OF CREDIT AGREEMENTS AND RELATED RIGHTS
- Article 25
- Early repayment
- Article 26
- Flexible and reliable markets
- Article 27
- Information concerning changes in the borrowing rate
- Article 28
- Arrears and foreclosure
- CHAPTER 11
- REQUIREMENTS FOR ESTABLISHMENT AND SUPERVISION OF CREDIT INTERMEDIARIES AND APPOINTED REPRESENTATIVES
- Article 29
- Admission of credit intermediaries
- Article 30
- Credit intermediaries tied to only one creditor
- Article 31
- Appointed representatives
- Article 32
- Freedom of establishment and freedom to provide services by credit intermediaries
- Article 33
- Withdrawal of admission of credit intermediaries
- Article 34
- Supervision of credit intermediaries and appointed representatives
- CHAPTER 12
- ADMISSION AND SUPERVISION OF NON-CREDIT INSTITUTIONS
- Article 35
- Admission and supervision of non-credit institutions
- CHAPTER 13
- COOPERATION BETWEEN COMPETENT AUTHORITIES OF DIFFERENT MEMBER STATES
- Article 36
- Obligation to cooperate
- Article 37
- Settlement of disagreements between competent authorities of different Member States
- CHAPTER 14
- FINAL PROVISIONS
- Article 38
- Sanctions
- Article 39
- Dispute resolution mechanisms
- Article 40
- Exercise of the delegation
- Article 41
- Imperative nature of this Directive
- Article 42
- Transposition
- Article 43
- Transitional provisions
- Article 44
- Review clause
- Article 45
- Further initiatives on responsible lending and borrowing
- Article 46
- Amendment of Directive 2008/48/EC
- Article 47
- Amendment of Directive 2013/36/EU
- ‘Article 54a
- Article 48
- Amendment of Regulation (EU) No 1093/2010
- Article 49
- Entry into force
- Article 50
- Addressees
- ANNEX I
- CALCULATION OF THE ANNUAL PERCENTAGE RATE OF CHARGE (APRC)
- II. Additional assumptions for the calculation of the APRC
- ANNEX II
- EUROPEAN STANDARDISED INFORMATION SHEET (ESIS)
- PART A
- ESIS Model
- (Introductory text)
- 1. Lender
- 2. (Where applicable) Credit intermediary
- 3. Main features of the loan
- 4. Interest rate and other costs
- 5. Frequency and number of payments
- 6. Amount of each instalment
- 7. (Where applicable) Illustrative repayment table
- 8. Additional obligations
- 9. Early repayment
- 10. Flexible features
- 11. Other rights of the borrower
- 12. Complaints
- 13. Non-compliance with the commitments linked to the loan: consequences for the borrower
- (Where applicable) 14. Additional information
- 15. Supervisor
- PART B
- Instructions to complete the ESIS
- Section ‘Introductory text’
- Section ‘1. Lender’
- (Where applicable) Section ‘2. Credit intermediary’
- Section ‘3. Main features of the loan’
- Section ‘4. Interest rate’ and other costs
- Section ‘5. Frequency and number of payments’
- Section ‘6. Amount of each instalment’
- Section ‘7. Illustrative repayment table’
- Section ‘8. Additional obligations’
- Section ‘9. Early repayment’
- Section ‘10. Flexible features’
- Section ‘11. Other rights of the borrower’
- Section ‘12. Complaints’
- Section ‘13. Non-compliance with the commitments linked to the credit: consequences for the borrower’
- Section ‘14. Additional information’
- Section ‘15. Supervisor’
- ANNEX III
- MINIMUM KNOWLEDGE AND COMPETENCE REQUIREMENTS
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