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Version from: 30/12/2023

Level 2 legal acts in relation to MCD

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Procedure 2011/0062/COD

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MCD Tool Mortgage Credit Directive (MCD)

Mortgage Credit Directive (MCD)

Directive 2014/17/EU of the European Parliament and of the Council of 4 February 2014 on credit agreements for consumers relating to residential immovable property and amending Directives 2008/48/EC and 2013/36/EU and Regulation (EU) No 1093/2010 (Text with EEA relevance)

CHAPTER 1 - SUBJECT MATTER, SCOPE, DEFINITIONS AND COMPETENT AUTHORITIES (Article 1-5)Article 1 - Subject matter Article 2 - Level of harmonisation Article 3 - Scope Q&A Article 4 - Definitions Q&A Article 5 - Competent authorities GL

CHAPTER 2 - FINANCIAL EDUCATION (Article 6)Article 6 - Financial education of consumers

CHAPTER 3 - CONDITIONS APPLICABLE TO CREDITORS, CREDIT INTERMEDIARIES AND APPOINTED REPRESENTATIVES (Article 7-9)Article 7 - Conduct of business obligations when providing credit to consumers GL Article 8 - Obligation to provide information free of charge to consumers Article 9 - Knowledge and competence requirements for staff

CHAPTER 4 - INFORMATION AND PRACTICES PRELIMINARY TO THE CONCLUSION OF THE CREDIT AGREEMENT (Article 10-16)Article 10 - General provisions applicable to advertising and marketing Article 11 - Standard information to be included in advertising Article 12 - Tying and bundling practices Article 13 - General information Article 14 - Pre-contractual information Article 15 - Information requirements concerning credit intermediaries and appointed representatives GL Article 16 - Adequate explanations

CHAPTER 5 - ANNUAL PERCENTAGE RATE OF CHARGE (Article 17)Article 17 - Calculation of the APRC

CHAPTER 6 - CREDITWORTHINESS ASSESSMENT (Article 18-20)Article 18 - Obligation to assess the creditworthiness of the consumer GL Article 19 - Property valuation GL Article 20 - Disclosure and verification of consumer information GL

CHAPTER 7 - DATABASE ACCESS (Article 21)Article 21 - Database access

CHAPTER 8 - ADVISORY SERVICES (Article 22)Article 22 - Standards for advisory services

CHAPTER 9 - FOREIGN CURRENCY LOANS AND VARIABLE RATE LOANS (Article 23-24)Article 23 - Foreign currency loans Article 24 - Variable rate credits

CHAPTER 10 - SOUND EXECUTION OF CREDIT AGREEMENTS AND RELATED RIGHTS (Article 25-28a)Article 25 - Early repayment Article 26 - Flexible and reliable markets Article 27 - Information concerning changes in the borrowing rate Article 27a - Information regarding the modification of the terms and conditions of a credit agreement Article 28 - Arrears and foreclosure GL Article 28a - Assignment of the creditor’s rights or of the credit agreement itself

CHAPTER 11 - REQUIREMENTS FOR ESTABLISHMENT AND SUPERVISION OF CREDIT INTERMEDIARIES AND APPOINTED REPRESENTATIVES (Article 29-34)Article 29 - Admission of credit intermediaries RTS Article 30 - Credit intermediaries tied to only one creditor Article 31 - Appointed representatives Article 32 - Freedom of establishment and freedom to provide services by credit intermediaries GL Article 33 - Withdrawal of admission of credit intermediaries Article 34 - Supervision of credit intermediaries and appointed representatives

CHAPTER 12 - ADMISSION AND SUPERVISION OF NON-CREDIT INSTITUTIONS (Article 35)Article 35 - Admission and supervision of non-credit institutions

CHAPTER 13 - COOPERATION BETWEEN COMPETENT AUTHORITIES OF DIFFERENT MEMBER STATES (Article 36-37)Article 36 - Obligation to cooperate Article 37 - Settlement of disagreements between competent authorities of different Member States

CHAPTER 14 - FINAL PROVISIONS (Article 38-50)Article 38 - Sanctions Article 39 - Dispute resolution mechanisms Article 40 - Exercise of the delegation Article 41 - Imperative nature of this Directive Article 42 - Transposition Article 43 - Transitional provisions Article 44 - Review clause Article 45 - Further initiatives on responsible lending and borrowing Article 46 - Amendment of Directive 2008/48/EC Article 47 - Amendment of Directive 2013/36/EU Article 48 - Amendment of Regulation (EU) No 1093/2010 Article 49 - Entry into force Article 50 - Addressees

ANNEX I ANNEX II ANNEX III

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