The creditor of the claim can only according to § I one
The loan is regulated by law in §§ et seq. The parties have concluded a loan contract, is obliged to the lender to allow the borrower the agreed sum of money or to gain in the case of a property loan in accordance with the §§ et seqof the German civil code, the ownership of the respective object (otherwise, no in-kind loans, but, for example, a lease, or lending). The borrower needs to pay back his debt according to a contract of certain period or loan an item of the same type, quality and quantity transferred. The parties may also agree that the loan has to pay a borrower for the Transfer of the money a fee or interest. In practice, the terms credit and loans are used as synonyms. In fact, the credit is to see as a generic term for the temporary secondment of a financial advantage and therefore includes, among other things, the real estate loan, consumer loan or line of credit.
Of a loan in the banking law, in principle, in the case of a long-term loan (four years or more) and a higher loan amount.
Those who would like to purchase so, for example, for the construction of real estate or a house or apartment purchase money from the Bank to"borrow', you will get this loan granted.
Due to the high the sum, the customer receives the Bank but at the time of conclusion of the loan agreement, collateral - such as a guarantee, a mortgage or a mortgage - request. Basically, a loan contract needs no Form Same applies to the consumer loan in accordance with the §§ et seq. of the civil code An entrepreneur grants a consumer a loan, you must be in compliance with the written form, unless in the case of a transaction not a more stringent Form, such as the certification of purchase of real estate, is prescribed, § I one of the civil code.
A violation of this rule leads to a form of deficiency, and the nullity of the contract. Also in the case of an unconscionable due to, for example, over-collateralisation, the contract is null and void. one of the BGB, the repayment of the provided amount of money - but just no interest from his debtor's request. By the way, a right of withdrawal according to § of the German civil code is that in the case of a consumer loan. You have a legal Problem and are looking for a lawyer in your area who can advise you in all questions on the subject of loan comprehensively.
In the case of a lawyer, you can easily find the right lawyers for your legal problem.
Lawyer - one of the leading companies in Germany for modern-day legal advice and Legal Tech. Select the desired location in your area, and you will receive a list of firms that have to issue loans to special knowledge. Detailed information about your selected lawyer or your chosen lawyer, you can find on the individual firm profiles.
