(11)Credit agreements in which the credit account serves exclusively to settle the loan and the repayment of the loan is effected from an account which was opened in the name of the customer with a credit institution covered by this Directive pursuant to Article 8(1)(a) to (c) should generally be considered as an example of types of less risky transactions.
◷
New version applies from 04/01/2011 — introduced by Directive 2010/78/EU.
59 provisions change.
Recital 11 changes in this version: compare with the current text.