6 Amendments of Damien ABAD related to 2011/0062(COD)
Amendment 142 #
Proposal for a directive
Article 3 – paragraph 1 – point m
Article 3 – paragraph 1 – point m
(m) 'Annual percentage rate of charge' means the total cost of the credit to the consumer, expressed as an annual percentage of the total amount of credit, where applicable, including the costs referred to in Article 12(2)harges levied by the creditor for his benefit in respect of the conclusion and performance of the credit agreement.
Amendment 215 #
Proposal for a directive
Article 12 – paragraph 2 – subparagraph 1
Article 12 – paragraph 2 – subparagraph 1
For the purpose of calculating the annual percentage rate of charge, the total cost of the credit to the consumer shall be determined excluding any charges payable by the consumharges levied by the creditor for his benefit in respect of the conclusion and per for non-compliance with any of his commitments laid down in the credit agreementmance of the credit agreement shall be determined.
Amendment 231 #
Proposal for a directive
Article 14 – paragraph 2 – point a
Article 14 – paragraph 2 – point a
(a) Where the assessment of the consumer’s creditworthiness results in a negative prospect for his ability to repay the credit over the lifetime of the credit agreement, the creditor refuses creditmeet his contractual obligations under the credit agreement, the creditor, if he nevertheless grants the credit, supplies documentary evidence to show that he has done so and support his decision, solely for prudential purposes.
Amendment 233 #
Proposal for a directive
Article 14 – paragraph 2 – point b
Article 14 – paragraph 2 – point b
(b) Where the credit application is rejected, the creditor informs the consumer immediately and without chargeonsumer may, if he so wishes, ask the creditor to inform him of the reasons for rejection.
Amendment 259 #
Proposal for a directive
Article 18 – paragraph 1
Article 18 – paragraph 1
1. Member States shall ensure that the consumer has a statutory or contractual right to discharge his obligations under a credit agreement prior to the expiry of that agreement. In such cases, he shall be entitled to a reduction in the total cost of the credit, such a reduction consisting of the interest and the costs for the remaining duration of the contract.
Amendment 266 #
Proposal for a directive
Article 18 – paragraph 2 – subparagraph 1
Article 18 – paragraph 2 – subparagraph 1
Member States may provide that the exercise of the right referred to in paragraph 1 is subject to certain conditions. Such conditions may include time limitations on the exercise of the right, different treatment depending on the type of the borrowing rate, or restrictions with regard to the circumstances under which the right may be exercised. Member States may also provide that the creditor should be entitled to fair and objectively justified compensation for potential costs directly linked to early repayment of the credit. In any event, if the early repayment falls within a period for which the borrowing rate is fixed, exercise of the right may be made subject to the existence of a special interest on the part of the consumercreditor should be entitled to fair compensation, where justified, for potential costs directly linked to early repayment of the credit. This compensation should then be calculated using a transparent method laid down prior to the signing of the agreement. The consumer must be clearly informed of the right referred to in paragraph 1 and of the amount of the compensation and the method of calculating it.