How are categorical claims expressed as a guarantee

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02008L0048 - DE - 07/26/2019 - 004.001


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DIRECTIVE 2008/48 / EC OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL

dated April 23, 2008

on consumer credit agreements and repealing Council Directive 87/102 / EEC

CHAPTER I.

SUBJECT MATTER, SCOPE AND DEFINITIONS

article 1

object

The aim of this directive is to harmonize certain aspects of the laws, regulations and administrative provisions of the Member States relating to consumer credit agreements.

Article 2

scope

(1) This Directive applies to credit agreements.

(2) This Directive does not apply to:

(a) credit agreements secured either by a mortgage or similar security normally used in a Member State for immovable property or by a right to immovable property;

b) loan agreements which are intended for the acquisition or maintenance of property rights in a piece of land or an existing or planned building;

c) credit agreements where the total credit amount is less than EUR 200 or more than EUR 75,000;

d) rental or leasing contracts in which neither the contract itself nor a separate contract provides for an obligation to purchase the rental or leasing item; Such an obligation is to be assumed if the lender decides on it unilaterally;

e) Loan agreements in the form of overdraft facilities where the loan must be repaid within one month;

f) interest-free and fee-free loan agreements and loan agreements according to which the loan is to be repaid within three months and for which only low costs are incurred;