Consistent with our commitment to keep you updated on developments of the Greek legislation, we set out the most important provisions of Law 5317/2026, introducing a new framework for consumer credit. The law transposes Directive (EU) 2023/2225 and establishes new obligations for credit providers and credit intermediaries.
In this edition (Download PDF)
- Expanded scope of application (Articles 3–4)
- New rules on advertising credit products (Articles 7–9)
- Extensive pre‑contractual information duties (Articles 10–14)
- Creditworthiness assessment (Articles 22–27)
- Right of withdrawal from credit agreements and from linked credit agreements for the purchase of goods, and right of early repayment (Articles 34–38)
- Special categories of credit (Articles 11 & 32–33)
- New regulatory regime for credit intermediaries (Articles 41–42 & 49)
- Licensing, Registration in the Register and Supervision by the Bank of Greece (Articles 46-51)
- Sanctions and supervisory control (Articles 55–60)
- Amendments to Law 2251/1994 and Enhanced Consumer Protection
- Key compliance actions
- Transitional provisions