In many cases, the person is prohibited from using these loans for business purposes and may find themselves facing legal action if they are found to have used the loans to fund a business in ways that are not
allowed under the loan agreement.
The judge ruled on the hearing of a preliminary issue that the agreement by the solicitors to discharge a client's «remaining liability»
under the loan agreement applied even though the loan agreement was unenforceable by virtue of CCA 1974.
As far as the loan is concerned, the courts in the new country have jurisdiction over a claim for
payment under the loan agreement and may apply the law of the country of the creditor and order payment.
As noted, it was appreciated all round that when making the loans the bank would place no or virtually no reliance on the prospects of recovering the loan from the
borrower under the loan agreement.
Of course, it's worth noting that refinancing federal loans with a private lender will remove any federal protections that you currently have
under those loan agreements — including income - based repayment options.
If the employee fulfills the requirements of the loan (
under a loan agreement) then all restrictions are released on the policy.
If the employee fulfills the requirements of the loan (
under a loan agreement) then all restrictions are released on the policy.