: A borrower generally has the right to refuse a loan before it is actually disbursed.
: Under Article 451 of the Civil Code, a contract may be terminated if circumstances change so significantly that the parties would not have signed the agreement had they foreseen it. 3. Unilateral Refusal to Perform rastorzhenie kreditnogo dogovora
: Termination of the main credit agreement typically terminates any associated surety or pledge agreements unless otherwise specified. : A borrower generally has the right to
In specific cases, one party can end the contract without the other's consent or a court order. Unilateral Refusal to Perform : Termination of the
: 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
: The termination status must be reported to the Bureau of Credit Histories . Summary of Termination Methods Requirement Mutual Consent Agreement by both parties Sign a termination agreement Court Action Material breach or changed circumstances Lawsuit filed in an Arbitration Court Unilateral Refusal Statutory or contractual right Formal written notification to the other party