The termination of a credit agreement ( rastorzhenie kreditnogo dogovora ) in Russia is governed primarily by the and special banking regulations. It typically occurs in one of three ways: by mutual agreement, through a court order, or via a unilateral refusal to perform. 1. Termination by Mutual Agreement
: Termination of the main credit agreement typically terminates any associated surety or pledge agreements unless otherwise specified. rastorzhenie kreditnogo dogovora
A party can petition the court to terminate the agreement if there has been a "material breach". The termination of a credit agreement ( rastorzhenie
: A bank may refuse to provide further credit if there are clear signs that the borrower will not be able to repay the loan on time. 4. Legal Consequences Termination by Mutual Agreement : Termination of the
: A borrower might seek termination if the bank fails to provide the funds or unilaterally changes interest rates without legal authority.
: This often involves full early repayment of the debt.
The simplest way to end a credit relationship is if both the lender and borrower agree to the terms.
