Application to founders of new businesses

Sections 491 to 512 also apply to natural persons who are granted a loan, deferment of payment or other financial accommodation to take up a trade or self-employed professional occupation or who conclude a contract for delivery by instalments for this purpose, unless the net loan amount or the cash price exceeds 75,000 euros or the Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European crowdfunding service providers for business, and amending Regulation (EU) 2017/1129 and Directive (EU) 2019/1937 (OJ L 347 of 20 October 2020, p. 1) is applicable.