S.L. 376.9 Art. 12Creditworth-iness.

(1) Before the conclusion of a credit agreement, the creditor shall assess the creditworthiness of the consumer on the basis of sufficient information, where appropriate, obtained from the said consumer and, where necessary on the basis of a consultation of the relevant database.

(2) If the parties agree to change the total amount of credit after the conclusion of the credit agreement, the creditor shall:

(a) update the financial information at his disposal concerning the consumer; and

(b) assess the consumer’s creditworthiness, before the total amount of credit is significantly increased.