Modern life has become impossible without a mortgage, and various kinds of loans.
Often banks as usual guarantee of repayment used surety.
However, quite often there are situations when it is necessary to terminate the contract of suretyship.
You will need
- contract of guarantee
- credit agreement
- contact the credit institution
Try to talk to the bank about cancellation agreementporuchitelstva.V as a whole agreement of sponsorship is terminated when the deadline specified in the agreemente guarantee. If such a time has been specified, then the surety function terminated if the debtor has not filed any claims, action towards guarantor within twelve months from the date of occurrence of the period of performance of the principal obligation, which was provided by a guarantor. In a situation where there is no possibility to find out the period of performance of the main obligation, the surety shall be terminated within 2 years in the absence of guarantor of action. but agreement of sponsorship, as well as any agreementYou can terminate by mutual consent of the parties. However, the bank can not always such a decision.
Find a new guarantor.Alternatively, you can offer the bank the other guarantor who is willing to carry these obligations. If the credit institution considers that the new entity is solvent, the bank may terminate the agreement for the conclusion of a new one.
Agree with the borrower on the debt payment on theloan ahead of schedule. The contract of guarantee is terminated when the loan is repaid, which it provides. In other words, if the borrower on their own to pay the entire loan, then the function agreementand automatically exhausted. For example, a borrower can avail the loan refinancing or take a new loan to pay off this debt.
Make changes to the agreement kreditovaniya.Pri change in the undertaking, ie credit agreemente agreement of sponsorship is considered invalid. This may occur if, for example, by increasing the responsibility agreementy, or other negative effects are observed for the co-signer.
Turn the debt on the loan for another litso.Esli borrower on the loan becomes a new person, the surety may refuse to answer for the new debtor, and therefore credit agreement It will be invalid.