sec_3_3_2__para__4

Thus, for instance, in relation to EU consumer credit legislation (205), the Court has stressed the importance of borrowers having to hand in all information which could have a bearing on the extent of their liability (206) and, thereby, of presenting the total cost of the credit in the form of a single mathematical formula (207). Therefore, the failure to indicate the annual percentage rate of charge (APR) as required under EU consumer credit rules (208) is ‘decisive evidence’ as to whether the term of the agreement relating to the total cost of the credit is drafted in plain intelligible language. This is true also where the necessary information on the calculation of the APR is not provided (209). The same must apply if the indicated APR is erroneous or misleading. If the information on the total cost of the loan required under EU consumer credit rules is not provided or if the indication is misleading, the relevant terms will, therefore, be deemed not to be plain and intelligible.

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Source: EUR-Lex (Cellar) · retrieved 2026-09-25 · Text as adopted (Official Journal); later amendments are not incorporated in this text.