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Article 14
Lenders must make available to individuals who apply for a loan in a foreign currency or indexed
against the exchange rate of a currency a printed booklet containing warnings about the possibility
and consequences of the loan cost increase if the foreign-exchange risk materialises, as well as
recommendations regarding the indebtedness rate which is acceptable to different categories of
customers.
Article 15
Lenders are required to inform their customers, by mentioning the repayment schedules related to
the loan agreements or, if no repayment schedules are drawn up, by distinctly mentioning, in the
loan agreements, the possibility of changing, understood as an increase, of the amounts due, should
the foreign-exchange risk and the interest rate risk materialise.
Article 16
(1) Lenders must ensure that third parties involved in a previous analysis of the customer’s
repayment capacity, such as loan brokers intermediaries, apply the same procedures as the lenders.
(2) Lenders shall monitor the quality of the loan portfolio of the customers attracted by each third
party provided in paragraph (1), compared to the quality of the corresponding loan portfolio of the
customers attracted directly by the lenders.
(3) The analysis performed under paragraph (2) shall represent the basis for the lender’s decision to
continue the business relationship established with each of the third parties referred to in paragraph
(1).
CHAPTER IV - SANCTIONS, TRANSITIONAL AND FINAL PROVISIONS
Article 17
The failure to observe the provisions of this Regulations shall trigger off the enforcement of
the measures and/or sanctions provided under Article 226 and 229 of Government Emergency
Ordinance No. 99/2006, as approved as subsequently amended and supplemented, or, as appropriate,
under Articles 58 and 59 of Law 93/2009 on non-bank financial institutions, as subsequently
amended and supplemented, or under Article 66 and 68 of Government Emergency Ordinance No.
113/2009 on payment services, approved as amended by Law 197/2010, as subsequently amended
and supplemented, and under Articles 69 and 71, respectively, of Law 127/2011 on the issue of
electronic money.
Article 18
(1) Lenders the regulations of which are validated by the National Bank of Romania according to
the Regulation No. 3/2007of the National Bank of Romania on limiting the credit risk associated
to loans extended to individuals, as subsequently amended and supplemented, shall notify any
amendments made for the purpose of enforcing the provisions of this Regulation, approved by the
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