Opinion of the Advocate General — ECLI:EU:C:2003:505
Date: 2003-09-25
Language of the case: French
Based on: Treaty establishing the European Economic Community (1957)
Subject matter: Consumer protection;Approximation of laws
Procedure: Reference for a preliminary ruling
Origin: France

Summary of the Judgment Approximation of laws – Consumer protection in respect of consumer credit – Directive 87/102 – Consumer information – Obligation to provide information before each renewal of a credit agreement – None (Council Directive 87/102) Directive 87/02 for the approximation of the laws, regulations, and administrative provisions of the Member States concerning consumer credit does not require, before each renewal, on the existing terms and conditions, of a credit agreement for a specified period entered in the form of a credit facility that may be drawn down in instalments and is linked to a credit card, that is repayable in monthly instalments and bears an interest rate that is expressed to be variable, that the lender inform the borrower in writing of the current annual percentage rate of charge and of the conditions under which the latter may be amended. (see para. 39, operative part)