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The Formation Of Credit Agreements For Consumers


  • Emilia MIHAI

    (Professor PhD., Faculty of Law, West University of Timi┼čoara, ROMANIA)


The purpose of Directive 2008/48/EC is to harmonize all aspects concerning credit for consumers, in order to unify the internal market and remove any distortion of competition arising from different national regulations. The instrument used consists in achieving a standard status of protection of the credit consumer. O.U.G. no. 50/2010 on credit agreements for consumers, which transposes into the domestic legislation the European directive, develops like the latter a system of pre-contractual and contractual information and publicity, governed by the principle of transparency, aimed at ensuring the consumer the formation of an informed consent.

Suggested Citation

  • Emilia MIHAI, 2011. "The Formation Of Credit Agreements For Consumers," Curentul Juridic, The Juridical Current, Le Courant Juridique, Petru Maior University, Faculty of Economics Law and Administrative Sciences and Pro Iure Foundation, vol. 44, pages 130-142, March.
  • Handle: RePEc:pmu:cjurid:v:44:y:2011:p:130-142

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    More about this item


    consumer credit; creditor; consumer; publicity; pre-contractual information; information formalism;

    JEL classification:

    • K12 - Law and Economics - - Basic Areas of Law - - - Contract Law
    • K35 - Law and Economics - - Other Substantive Areas of Law - - - Personal Bankruptcy Law


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