Corrigendum to Directive (EU) 2023/2225 on Consumer Credits

On 22 September 2026, a corrigendum to Directive (EU) 2023/2225 was published addressing consumer credit agreements. This corrigendum modifies certain key points of the directive initially adopted in October 2023. The corrigendum does not specify an adoption or entry-into-force date, suggesting it corrects existing text rather than introducing a new legal framework.

What changes

The main changes introduced in this corrigendum affect the wording in several articles of the directive. For instance, Article 2, paragraph 7, clarifies the right of Member States to determine the applicability of specific articles. In Article 3, point 20, letter a), it clarifies the conditions under which credit is used to finance specific goods or services. Article 10, paragraph 5, letter g) addresses the mechanism for credit drawdown and warns about potential higher costs. The final key change is in Article 16, paragraph 2, letter a), where it clarifies how recommendations based on the product range are provided to consumers.

Who is affected

The corrigendum primarily affects creditors and financial institutions offering consumer credit agreements. They must comply with the new formulations to ensure legal compliance. The changes primarily focus on sensitive aspects of consumer credit, such as cost transparency and credit provisioning methods.

Dates and deadlines

The corrigendum to Directive (EU) 2023/2225 was published on 22 September 2026. There is no clarity on its specific adoption and entry-into-force dates, indicating it mostly corrects existing text from 2023.

Practical next steps

To comply with these changes, businesses involved in lending should review their procedures and contracts, especially regarding how credit is provided, the costs involved, and lending conditions. They should also ensure that their communication with consumers meets the new requirements for transparency and completeness.

What to check for your situation

The corrigendum does not introduce new mandatory regulations for all businesses but serves to clarify existing directive texts. This document is part of a broader framework regulating consumer credit and should be considered in the context of the existing directive.