Einde inhoudsopgave
Draft Common Frame of Reference
IV.F. — 1:106 Repayment and termination
Geldend
Geldend vanaf 01-01-2009
- Redactionele toelichting
De dag van de datum van afkondiging is gezet op 01. De datum van inwerkingtreding is de datum van afkondiging.
- Bronpublicatie:
01-01-2009, Internet 2009, ec.europa.eu (uitgifte: 01-01-2009, kamerstukken/regelingnummer: -)
- Inwerkingtreding
01-01-2009
- Bronpublicatie inwerkingtreding:
01-01-2009, Internet 2009, ec.europa.eu (uitgifte: 01-01-2009, kamerstukken/regelingnummer: -)
- Vakgebied(en)
Civiel recht algemeen (V)
EU-recht / Bijzondere onderwerpen
Internationaal privaatrecht / Algemeen
(1)
The borrower is obliged to repay the money obtained under the credit in the manner and at the time determinable from the loan contract. If the time the borrower is to repay the money is not determinable from the contract, the borrower is obliged to repay it a reasonable time after the lender''s demand.
(2)
The borrower can, by repayment, terminate an overdraft at will.
(3)
The borrower can, by repayment, terminate a loan at any time if under the loan contract the borrower does not have to pay interest or any other kind of remuneration which depends on the duration of the credit.
(4)
The borrower can, by repayment, terminate at any time the loan under any other type of loan contract with a specified duration. Parties cannot exclude the application of this rule or derogate from or vary its effects.
(5)
Where the loan contract has a specified duration of more than 1 year and provides for a fixed interest rate the borrower can terminate by early repayment under paragraph (4) only on giving the lender three months notice.
(6)
On early termination under paragraphs (4) or (5) the borrower is obliged to pay all interest due up to the date of repayment and to indemnify the lender for any loss caused by the early termination.
(7)
If the loan contract has an unspecified duration then, without prejudice to the borrower's rights under paragraphs (2) and (3), either party can terminate the relationship by giving the other a reasonable period of notice. II. — 1:109 (Variation or termination by notice) applies.