My legal library

There are many legal texts relating to credit and it would be futile in the context of our activities as brokers to draw up an exhaustive list.

On the other hand, we thought it would be more relevant to highlight certain legal texts, to give a general scope and their reference in order to allow our clients to find useful information later on, on the basis of this preliminary information.
Each law text can be consulted in extenso on the site of the Belgian Monitor.

In addition, in November 2011, our company hired a specialized lawyer who will be able to answer any legal questions you may have about your credit: feel free to ask your questions via the forum so that all our customers can benefit from them.

Finally, as a reminder, you will already find in our F.A.Q., the answers to the questions that our customers ask us daily: consult them, it’s very practical!

Main laws concerning the individual consumer

1. 1. The law of June 12, 1991 on consumer credit (published in the Belgian Official Journal of July 9, 1991).

This is the generic law on consumer credit. You will find in this law many answers to your questions and in particular information on the formation of the credit contract; on the annual percentage rate of charge (APR); on early repayment; on instalment loans; on credit intermediaries (credit brokers such as our company); on the processing of personal data, on the control and supervision of credit intermediaries; etc…

1. 2. Law of December 16, 1851, known as the Hypothecary Law (published in the Moniteur Belge of December 22, 1851).

This is the generic law on mortgages. You will find information on the distinction between liens and mortgages; on the legal mortgage of the treasury; on the registration and cancellation of liens and mortgages; on the extinction of liens and mortgages; etc…

1. 3. Law of August 4, 1992 on mortgage credit (published in the Belgian Official Journal of August 19, 1992).

This is the generic law on mortgage credit. In this law you will find information about the formation of the mortgage contract, the control of mortgage institutions and mortgage intermediaries (such as our company), the obligation to take out insurance, the consequences of default, the constitution of the conventional mortgage, etc…

1. 4. Law of March 22, 1993 on the status and supervision of credit institutions (published in the Belgian Official Gazette of April 19, 1993).

Practitioners also refer to it as the “Banking Act”. The purpose of this law is to regulate the activity and the control of credit institutions operating in Belgium in order to protect public savings and ensure the proper functioning of the credit system.

1. 5. Law of 22 February 1998 establishing the organic status of the National Bank of Belgium (published in the Belgian Official Gazette of 28 March 1998)

This is the Organic Law on the National Bank of Belgium. You will find in this law information about the functioning of the National Bank of Belgium.

6. Legal provisions on collective debt settlement.

These are the articles of law that make up Title IV of the Judicial Code and that range from article 1675/2 to article 1675/19. These legal provisions organize the rights of any natural person, who is not a merchant, and who finds himself in a permanent situation of not being able to pay his due debts, to apply to the competent labor court to organize the assistance of his various creditors.