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A party can petition the court to terminate the agreement if there has been a "material breach".
: Termination of the main credit agreement typically terminates any associated surety or pledge agreements unless otherwise specified. rastorzhenie kreditnogo dogovora
: This often involves full early repayment of the debt. A party can petition the court to terminate
The simplest way to end a credit relationship is if both the lender and borrower agree to the terms. The simplest way to end a credit relationship
In specific cases, one party can end the contract without the other's consent or a court order.
Termination of a loan agreement due to changed circumstances
: 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