Updated 18/09/2024
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Article 3 - Information to be provided by credit institutions

Article 3

Information to be provided by credit institutions

1.   Credit institutions shall provide prospective buyers with the following information on each credit agreement:

(a)

counterparty, as set out in Template 1 of Annex I;

(b)

credit agreement, as set out in Template 3 of Annex I;

(c)

collateral, guarantee and enforcement, as set out in Template 4.1 of Annex I;

(d)

mortgage guarantee, as set out in Template 4.2 of Annex I;

(e)

historical collection of repayments, as set out in Template 5 of Annex I.

2.   Credit institutions shall provide the information referred to in paragraph 1 in accordance with the criteria and definitions laid down in the data glossary set out in Annex II and with the instructions set out in Annex III.

3.   When providing the information specified in paragraph 1, credit institutions shall use the relationship table set out in Template 2 of Annex I which mentions the relations between the data fields.