Protecting borrowers through information and advice: the Belgian Consumer Credit Act Online publication date: Sat, 20-Sep-2014
by Reinhard Steennot
International Journal of Private Law (IJPL), Vol. 5, No. 2, 2012
Abstract: The Consumer Credit Directive requires the creditor or the credit intermediary on one hand to provide certain information and adequate explanations to consumers before they are bound by a consumer credit agreement and on the other hand to assess the consumer's creditworthiness before the conclusion of the credit agreement. The aim of this paper is to discuss the transposition of the European Consumer Credit Directive into Belgian legislation. We will analyse the pre-contractual obligations and their sanctions in case of violation as applied by the courts. Also, we will examine whether the Belgian Act is compatible with the Consumer Credit Directive, the latter being based on the principle of targeted full harmonisation.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Private Law (IJPL):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com