Directive 2008/48/EC of the European Parliament and of the Council of 23 April 2008 on credit agreements for consumers and repealing Council Directive 87/102/EEC
Corrected by
Corrigendum to Directive 2008/48/EC of the European Parliament and of the Council of 23 April 2008 on credit agreements for consumers and repealing Council Directive 87/102/EEC(Official Journal of the European Union L 133 of 22 May 2008)On page 82, Article 26:for:"Where a Member State makes use of any of the regulatory choices referred to in Article 2(5) and 2(6), Article 4(1), Article 4(2)(c), Article 6(2), Article 10(1), Article 10(2)(g), Article 14(2) and Article 16(4), it shall …",read:"Where a Member State makes use of any of the regulatory choices referred to in Article 2(5) and 2(6), Article 4(1), Article 4(2)(c), Article 6(2), Article 10(1), Article 10(5)(f), Article 14(2) and Article 16(4), it shall …";on page 82, Article 27(2), second sentence:for:"The Commission shall also monitor the effect of the existence of the regulatory choices referred to in Article 2(5) and 2(6), Article 4(1), Article 4(2)(c), Article 6(2), Article 10(1), Article 10(2)(g), Article 14(2) and Article 16(4) on the internal market and consumers.",read:"The Commission shall also monitor the effect of the existence of the regulatory choices referred to in Article 2(5) and 2(6), Article 4(1), Article 4(2)(c), Article 6(2), Article 10(1), Article 10(5)(f), Article 14(2) and Article 16(4) on the internal market and consumers.";on page 87, Annex II, heading 3:for:"3.Costs of the credit
The borrowing rate or, if applicable, different borrowing rates which apply to the credit agreement[ %fixed or,variable (with the index or reference rate applicable to the initial borrowing rate),periods],
Annual Percentage Rate of Charge (APR)This is the total cost expressed as an annual percentage of the total amount of credit.The APR is there to help you compare different offers.[ % A representative example mentioning all the assumptions used for calculating the rate to be set out here]
Is it compulsory, in order to obtain the credit or to obtain it on the terms and conditions marketed, to take outan insurance policy securing the credit, oranother ancillary service contract,If the costs of these services are not known by the creditor they are not included in the APR.Yes/no [if yes, specify the kind of insurance]Yes/no [if yes, specify the kind of ancillary service]
Related costs
If applicableMaintaining one or more accounts is required for recording both payment transactions and drawdowns
If applicableAmount of costs for using a specific means of payment (e.g. a credit card)
If applicableAny other costs deriving from the credit agreement
If applicableConditions under which the above mentioned costs related to the credit agreement can be changed
If applicableObligation to pay notarial fees
Costs in the case of late paymentsMissing payments could have severe consequences for you (e.g. forced sale) and make obtaining credit more difficult.You will be charged […… (applicable interest rate and arrangements for its adjustment and, where applicable, default charges)] for missing payments.",
read:"3.Costs of the credit
The borrowing rate or, if applicable, different borrowing rates which apply to the credit agreement[ %fixed, orvariable (with the index or reference rate applicable to the initial borrowing rate),periods]
Annual Percentage Rate of Charge (APR)This is the total cost expressed as an annual percentage of the total amount of credit.The APR is there to help you compare different offers.[ % A representative example mentioning all the assumptions used for calculating the rate to be set out here]
Is it compulsory, in order to obtain the credit or to obtain it on the terms and conditions marketed, to take outan insurance policy securing the credit, oranother ancillary service contract.If the costs of these services are not known by the creditor they are not included in the APR.Yes/no [if yes, specify the kind of insurance]Yes/no [if yes, specify the kind of ancillary service]
Related costs
If applicableMaintaining one or more accounts is required for recording both payment transactions and drawdowns
If applicableAmount of costs for using a specific means of payment (e.g. a credit card)
If applicableAny other costs deriving from the credit agreement
If applicableConditions under which the above mentioned costs related to the credit agreement can be changed
If applicableObligation to pay notarial fees
Costs in the case of late paymentsMissing payments could have severe consequences for you (e.g. forced sale) and make obtaining credit more difficult.You will be charged […… (applicable interest rate and arrangements for its adjustment and, where applicable, default charges)] for late payments.";
on page 91, Annex III, heading 3, right-hand column, last entry:for:"You will be charged […… (applicable interest rate and arrangements for its adjustment and, where applicable, default charges)] for missing payments.",read:"You will be charged […… (applicable interest rate and arrangements for its adjustment and, where applicable, default charges)] for late payments.".