council direct decemb approxim law regul administr provis member state consum credit eec council european commun regard treati establish european econom commun articl thereof regard propos commiss regard opinion european parliament regard opinion econom social committe wide differ exist law member state field consum credit differ law lead distort competit grantor credit common market differ limit opportun consum obtain credit member state affect volum natur credit sought purchas good servic result differ influenc free movement good servic obtain consum credit directli affect function common market increas volum credit grant commun consum establish common market consum credit benefit alik consum grantor credit manufactur wholesal retail good provid servic programm european econom commun consum protect inform polici provid inter alia consum protect unfair credit term harmon gener condit govern consum credit undertaken prioriti differ law practic result unequ consum protect field consum credit member state chang recent year type credit consum form consum credit emerg continu develop consum receiv adequ inform condit cost credit oblig inform includ inter alia annual percentag rate charg credit fail total amount consum pai credit pend decis commun method method calcul annual percentag rate charg member state retain exist method practic calcul rate fail establish provis indic total cost credit consum term credit disadvantag consum protect consum achiev adopt requir appli form credit regard charact credit agreement type transact agreement transact partial exclud field applic direct member state consult commiss exempt direct form credit commerci charact grant condit practic exist member state respect authent act drawn notari judg render applic provis direct unnecessari case act member state exempt act provis credit agreement larg financi amount tend differ usual consum credit agreement applic provis direct agreement small amount creat unnecessari administr burden consum grantor credit agreement financi limit exclud direct provis inform cost credit advertis busi premis creditor credit broker make easier consum compar offer consum protect improv credit agreement made write minimum particular contractu term case credit grant acquisit good member state lai condit good repossess consum consent account parti repossess made manner ensur repossess entail unjustifi enrich consum allow discharg oblig due date consum entitl equit reduct total cost credit assign creditor right aris credit agreement allow weaken posit consum member state permit consum bill exchang promissori note chequ connect credit agreement ensur consum suitabl protect instrument good servic consum contract acquir credit consum circumst defin right vi vi grantor credit addit normal contractu right supplier good servic circumst refer grantor credit supplier good servic pre exist agreement whereund credit made exclus grantor credit custom supplier purpos enabl consum acquir good servic ecu defin council regul eec amend regul eec member state limit extent liberti round amount nation currenc result convers amount direct express ecu amount direct period examin light econom monetari trend commun revis suitabl measur adopt member state author person offer credit offer arrang credit agreement inspect monitor activ person grant credit arrang credit grant enabl consum complain credit agreement credit condit credit agreement derog detriment consum provis adopt implement direct provis provis circumv result agreement formul direct degre approxim law regul administr provis member state consum credit level consum protect member state prevent retain adopt stringent measur protect consum due regard oblig treati januari commiss present council report oper direct adopt direct articl direct appli credit agreement purpos direct consum mean natur person transact cover direct act purpos regard trade profess creditor mean natur legal person grant credit trade busi profess group person credit agreement mean agreement creditor grant promis grant consum credit form defer payment loan similar financi accommod agreement provis continu basi servic util consum pai durat provis mean instal deem credit agreement purpos direct total cost credit consum mean cost credit includ interest charg directli connect credit agreement determin accord provis practic exist establish member state annual percentag rate charg mean total cost credit consum express annual percentag amount credit grant calcul exist method member state articl direct appli credit agreement agreement promis grant credit intend primarili purpos acquir retain properti right land exist project build intend purpos renov improv build hire agreement provid titl pass ultim hirer credit grant made payment interest charg credit agreement interest charg provid consum agre repai credit singl payment credit form advanc current account grant credit institut financi institut credit card account provis articl appli credit credit agreement involv amount ecu ecu credit agreement consum requir repai credit period exceed month maximum number payment period exceed month member state consult commiss exempt applic direct type credit fulfil condit grant rate charg prevail market offer public gener provis articl articl appli credit agreement agreement promis grant credit secur mortgag immov properti exclud direct paragraph articl member state exempt provis articl credit agreement form authent act sign notari judg articl prejudic council direct eec septemb relat approxim law regul administr provis member state mislead advertis rule principl applic unfair advertis advertis offer displai busi premis person offer credit offer arrang credit agreement rate interest figur relat cost credit includ statement annual percentag rate charg mean repres mean practic articl credit agreement made write consum receiv copi written agreement written agreement includ statement annual percentag rate charg statement condit annual percentag rate charg amend case state annual percentag rate charg consum provid adequ inform written agreement inform includ inform provid indent articl written agreement includ essenti term contract illustr annex direct list term member state requir includ written agreement essenti articl derog articl pend decis introduct commun method method calcul annual percentag rate charg member state time notif direct requir annual percentag rate charg shown establish method calcul requir total cost credit consum articl notwithstand exclus provid articl agreement credit institut financi institut consum grant credit form advanc current account credit card account consum inform time agreement conclud credit limit annual rate interest charg applic time agreement conclud condit amend procedur termin agreement inform confirm write period agreement consum inform chang annual rate interest relev charg time occur inform statement account manner accept member state member state tacitli accept overdraft permiss member state concern ensur consum inform annual rate interest charg applic amend thereof overdraft extend period month articl case credit grant acquisit good member state lai condit good repossess consum consent ensur creditor recov possess good account parti made ensur repossess entail unjustifi enrich articl consum entitl discharg oblig credit agreement time fix agreement event accord rule laid member state consum entitl equit reduct total cost credit articl creditor right credit agreement assign person consum entitl plead person defenc origin creditor includ set permit member state concern articl member state connect credit agreement permit consum make payment mean bill exchang includ promissori note give secur mean bill exchang includ promissori note chequ ensur consum suitabl protect instrument wai articl member state ensur exist credit agreement affect right consum supplier good servic purchas mean agreement case good servic suppli conform contract suppli order bui good obtain servic consum enter credit agreement person supplier grantor credit supplier good servic pre exist agreement whereund credit made exclus grantor credit custom supplier acquisit good servic supplier consum refer subparagraph obtain credit pursuant pre exist agreement good servic cover credit agreement suppli suppli part conform contract suppli consum pursu remedi supplier fail obtain satisfact entitl consum pursu remedi grantor credit member state determin extent condit remedi exercis paragraph appli individu transact question amount equival ecu articl member state ensur person offer credit offer arrang credit agreement obtain offici author specif supplier good servic ensur person grant credit arrang credit grant subject inspect monitor activ institut offici bodi promot establish bodi receiv complaint credit agreement credit condit provid relev inform advic consum member state provid author refer paragraph requir person offer conclud arrang credit agreement satisfi definit articl council direct decemb coordin law regul administr provis relat take pursuit busi credit institut author accord provis direct person grant credit arrang credit grant author specif provis paragraph provis aforement direct author subsequ withdrawn compet author respons issu specif author grant credit paragraph inform decid person concern continu grant credit arrang credit grant specif author grant paragraph withdrawn articl purpos direct ecu defin regul eec amend regul eec equival nation currenc initi calcul rate obtain date adopt direct member state round amount nation currenc result convers amount ecu provid round exce ecu year time council act propos commiss examin revis amount direct light econom monetari trend commun articl member state ensur credit agreement derog detriment consum provis nation law implement direct member state ensur provis adopt implement direct circumv result agreement formul devic distribut amount credit agreement articl direct preclud member state retain adopt stringent provis protect consum consist oblig treati articl member state bring forc measur compli direct januari forthwith inform commiss thereof member state commun commiss text main provis nation law adopt field cover direct articl januari commiss present report council oper direct articl direct address member state brussel decemb council presid shaw oj oj oj oj oj oj oj oj oj oj annex list term refer articl credit agreement financ suppli good servic descript good servic cover agreement ii cash price price payabl credit agreement iii amount deposit number amount instal date fall due method ascertain unknown time agreement conclud iv indic consum entitl provid articl reduct repai earli own good ownership pass immedi consum term consum owner vi descript secur requir vii cool period viii indic insur requir choic insur left consum indic cost thereof credit agreement oper credit card amount credit limit ii term repay mean determin iii cool period credit agreement oper run account cover direct amount credit limit method determin ii term repay iii cool period credit agreement cover direct amount credit limit ii indic secur requir iii term repay iv cool period indic consum entitl provid articl reduct repai earli