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1.

Member States shall ensure that, where a credit agreement relates to a foreign currency loan, an appropriate regulatory framework is in place at the time the credit agreement is concluded to at least ensure that: the consumer has a right to convert the credit agreement into an alternative currency under specified conditions; or there are other arrangements in place to limit the exchange rate risk to which the consumer is exposed under the credit agreement.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-11 · Text as adopted (Official Journal); later amendments are not incorporated in this text.