Version status: Entered into force | Document consolidation status: Updated to reflect all known changes
Published date: 28 February 2014

Directive 2014/17/EU - Mortgage Credit Directive (MCD) (also known as Residential Mortgage Directive)

Recitals
Chapter 1 Subject matter, scope, definitions and competent authorities (arts. 1-5)
Entered into force
Article 1 Subject matter
Entered into force
Article 2 Level of harmonisation
Entered into force
Article 3 Scope
Entered into force
Article 4 Definitions
Entered into force
Article 5 Competent authorities
Chapter 2 Financial education (art. 6)
Entered into force
Article 6 Financial education of consumers
Chapter 3 Conditions applicable to creditors, credit intermediaries and appointed representatives (arts. 7-9)
Entered into force
Article 7 Conduct of business obligations when providing credit to consumers
Entered into force
Article 8 Obligation to provide information free of charge to consumers
Entered into force
Article 9 Knowledge and competence requirements for staff
Chapter 4 Information and practices preliminary to the conclusion of the credit agreement (arts. 10-16)
Entered into force
Article 10 General provisions applicable to advertising and marketing
Entered into force
Article 11 Standard information to be included in advertising
Entered into force
Article 12 Tying and bundling practices
Amended
Article 13 General information
Entered into force
Article 14 Pre-contractual information
Entered into force
Article 15 Information requirements concerning credit intermediaries and appointed representatives
Entered into force
Article 16 Adequate explanations
Chapter 5 Annual percentage rate of charge (art. 17)
Entered into force
Article 17 Calculation of the APRC
Chapter 6 Creditworthiness assessment (arts. 18-20)
Entered into force
Article 18 Obligation to assess the creditworthiness of the consumer
Entered into force
Article 19 Property valuation
Entered into force
Article 20 Disclosure and verification of consumer information
Chapter 7 Database access (art. 21)
Entered into force
Article 21 Database access
Chapter 8 Advisory services (art. 22)
Entered into force
Article 22 Standards for advisory services
Chapter 9 Foreign currency loans and variable rate loans (arts. 23-24)
Entered into force
Article 23 Foreign currency loans
Entered into force
Article 24 Variable rate credits
Chapter 10 Sound Execution of credit agreements and related rights (arts. 25-28)
Entered into force
Article 25 Early repayment
Entered into force
Article 26 Flexible and reliable markets
Entered into force
Article 27 Information concerning changes in the borrowing rate
Entered into force
Article 28 Arrears and foreclosure
Chapter 11 Requirements for establishment and supervision of credit intermediaries and appointed representatives (arts. 29-34)
Entered into force
Article 29 Admission of credit intermediaries
Entered into force
Article 30 Credit intermediaries tied to only one creditor
Entered into force
Article 31 Appointed representatives
Entered into force
Article 32 Freedom of establishment and freedom to provide services by credit intermediaries
Entered into force
Article 33 Withdrawal of admission of credit intermediaries
Entered into force
Article 34 Supervision of credit intermediaries and appointed representatives
Chapter 12 Admission and supervision of non-credit institutions (art. 35)
Entered into force
Article 35 Admission and supervision of non-credit institutions
Chapter 13 Cooperation between competent authorities of different member states (arts. 36-37)
Entered into force
Article 36 Obligation to cooperate
Entered into force
Article 37 Settlement of disagreements between competent authorities of different Member States
Chapter 14 Final provisions (arts. 38-50)
Entered into force
Article 38 Sanctions
Entered into force
Article 39 Dispute resolution mechanisms
Entered into force
Article 40 Exercise of the delegation
Entered into force
Article 41 Imperative nature of this Directive
Amended
Article 42 Transposition
Amended
Article 43 Transitional provisions
Entered into force
Article 44 Review clause
Entered into force
Article 45 Further initiatives on responsible lending and borrowing
Entered into force
Article 46 Amendment of Directive 2008/48/EC
Entered into force
Article 47 Amendment of Directive 2013/36/EU
Entered into force
Article 48 Amendment of Regulation (EU) No 1093/2010
Entered into force
Article 49 Entry into force
Entered into force
Article 50 Addressees
Entered into force
Annex I Calculation of the annual percentage rate of charge (APRC)
Annex II European stantardised information sheet (ESIS)
Entered into force
Annex II, Part A
Amended
Annex II, Part B Instructions to complete the ESIS
Entered into force
Annex III Minimum knowledge and competence requirements
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