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Directive 2014/17/EU - Mortgage Credit Directive (MCD) (also known as Residential Mortgage Directive)RecitalsChapter 1 Subject matter, scope, definitions and competent authorities (arts. 1-5)Article 1 Subject matterArticle 2 Level of harmonisationArticle 3 ScopeArticle 4 DefinitionsArticle 5 Competent authoritiesChapter 2 Financial education (art. 6)Article 6 Financial education of consumersChapter 3 Conditions applicable to creditors, credit intermediaries and appointed representatives (arts. 7-9)Article 7 Conduct of business obligations when providing credit to consumersArticle 8 Obligation to provide information free of charge to consumersArticle 9 Knowledge and competence requirements for staffChapter 4 Information and practices preliminary to the conclusion of the credit agreement (arts. 10-16)Article 10 General provisions applicable to advertising and marketingArticle 11 Standard information to be included in advertisingArticle 12 Tying and bundling practicesArticle 13 General informationArticle 14 Pre-contractual informationArticle 15 Information requirements concerning credit intermediaries and appointed representativesArticle 16 Adequate explanationsChapter 5 Annual percentage rate of charge (art. 17)Article 17 Calculation of the APRCChapter 6 Creditworthiness assessment (arts. 18-20)Article 18 Obligation to assess the creditworthiness of the consumerArticle 19 Property valuationArticle 20 Disclosure and verification of consumer informationChapter 7 Database access (art. 21)Article 21 Database accessChapter 8 Advisory services (art. 22)Article 22 Standards for advisory servicesChapter 9 Foreign currency loans and variable rate loans (arts. 23-24)Article 23 Foreign currency loansArticle 24 Variable rate creditsChapter 10 Sound Execution of credit agreements and related rights (arts. 25-28)Article 25 Early repaymentArticle 26 Flexible and reliable marketsArticle 27 Information concerning changes in the borrowing rateArticle 27a Information regarding the modification of the terms and conditions of a credit agreementArticle 28 Arrears and foreclosureArticle 28a Assignment of the creditor's rights or of the credit agreement itselfChapter 11 Requirements for establishment and supervision of credit intermediaries and appointed representatives (arts. 29-34)Article 29 Admission of credit intermediariesArticle 30 Credit intermediaries tied to only one creditorArticle 31 Appointed representativesArticle 32 Freedom of establishment and freedom to provide services by credit intermediariesArticle 33 Withdrawal of admission of credit intermediariesArticle 34 Supervision of credit intermediaries and appointed representativesChapter 12 Admission and supervision of non-credit institutions (art. 35)Article 35 Admission and supervision of non-credit institutionsChapter 13 Cooperation between competent authorities of different member states (arts. 36-37)Article 36 Obligation to cooperateArticle 37 Settlement of disagreements between competent authorities of different Member StatesChapter 14 Final provisions (arts. 38-50)Article 38 SanctionsArticle 39 Dispute resolution mechanismsArticle 40 Exercise of the delegationArticle 41 Imperative nature of this DirectiveArticle 42 TranspositionArticle 43 Transitional provisionsArticle 44 Review clauseArticle 45 Further initiatives on responsible lending and borrowingArticle 46 Amendment of Directive 2008/48/ECArticle 47 Amendment of Directive 2013/36/EUArticle 48 Amendment of Regulation (EU) No 1093/2010Article 49 Entry into forceArticle 50 AddresseesAnnex I Calculation of the annual percentage rate of charge (APRC)Annex II European stantardised information sheet (ESIS)Annex II, Part AAnnex II, Part B Instructions to complete the ESISAnnex III Minimum knowledge and competence requirementsDone at
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Version status: | Document consolidation status: Updated to reflect all known changes
Version date: 28 February 2014 - onwards

Done at

Done at Strasbourg, 4 February 2014.

For the European Parliament

The President

M. SCHULZ

For the Council

The President

E. VENIZELOS

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