Real estate credit: banks are keen on the domiciliation of income


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In a recent report, the president of the Financial Sector Advisory Committee (CCSF) advocated the deletion of bank domiciliation clauses relating to a home loan, deemed too restrictive for the consumer. For their part, the banks argue for a maintenance of the current rules.

Banks strongly oppose the questioning of new rules governing the domiciliation of revenues, reports The echoes this Tuesday, February 5th. In a report submitted in late January to the Minister of the Economy, Bruno Le Maire, the president of the Advisory Committee of the financial sector (CCSF) advocates indeed the removal of these clauses that occur in the context of a mortgage.

Measures to frame a controversial practice

For a long time, banks have forced their borrowing customers to open a bank account to house their salary, an obligation that often conditions the obtaining of credit. This practice has recently been framed by law.

In 2018, a decree and an ordinance came to limit the domiciliation of income to ten years maximum. In addition, this obligation must be accompanied by a consideration for the consumer in the form of a "Individualized advantage", usually consisting of a preferential rate. These two texts thus provided a legal existence for this practice regularly denounced by consumer associations.

Banks in favor of maintaining the clause

Last year, the government asked the CCSF to take stock of this new mechanism. For now, these new measures have had little effect: only one third of banking networks has implemented the new clause in these contracts.

But in a report sent on January 24 to the Minister of the Economy, the banks have voted in favor of maintaining the measure. "The domiciliation of income is, in their eyes, a guarantee of strong and lasting relationship, and economic balance"says the report.

Bercy could backtrack

On the other hand, the majority of the other members of the CCSF (credit brokers, consumer associations, trade unions …) demand the repeal of the device. "For detractors, it is a brake on banking mobility because it hampers customers wishing to change banks", Explain The echoes.

Associations fear that it will lead to a «Generalization This practice, though considered incorrect by the Unfair Contract Terms Commission in 2004, is Capital. In the absence of consensus, CCSF Chair Corinne Dromer advocated a return to the previous situation by repealing the mechanism. Bercy should soon decide on the issue.