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🔗 Back to Summary. 🇫🇷 French Version: 2024R0358_FR.11. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 10 – Information on funded credit protection ⬅️ | ➡️ Article 12 – Accounting information
Article 11 - Information on unfunded credit protection
Where the loan is guaranteed, crowdfunding service providers shall ensure that the valuation of the guarantee takes into account all of the following information:
(a)
the identity of the guarantor;
(b)
the type of guarantee;
(c)
the enforceability of the guarantee;
(d)
the level of protection provided by the guarantee;
(e)
the amount that the guarantor has committed to pay in the event of the default of the project owner or non-payment by that project owner.