French Monetary and Financial Code
In forceThe intermediary in participative financing makes available on its website a standard loan contract containing the following information:
1° Identity and contact details of the parties involved:
a) Marital status or company name of the lender and project promoter and, where applicable, SIREN number;
b) Addresses of the domicile or registered office of the lender and the project promoter;
2° Characteristics and cost of the transaction:
a) Total amount of credit or free loan ;
b) Repayment schedule for the credit or free loan;
c) Where applicable, total amount of interest ;
d) Repayment period of the credit or free loan;
e) Fixed borrowing rate applicable to the credit agreement or free loan;
f) Amount of fees payable to the intermediary in participative financing;
g) Total cost of the credit or free loan;
h) Amortisation schedule ;
i) Conditions for making the funds available to the project promoter;
3° Other information :
a) Address of the registered office and telephone number of the equity intermediary, registration number in the register referred to in Article L. 512-1 of the Insurance Code, and, where applicable, status as a payment service provider or payment service provider agent;
b) Whether or not there is a right of withdrawal and, if so, its starting point, duration and procedures for exercising it;
c) Whether or not there is a right of early repayment and, if so, how it may be exercised;
d) Address and telephone number of the complaints department;
e) How to contact the relevant ombudsman;
f) Management procedures in the event of default by the project promoter.
