The credit agreements offered by regulated banks are different from those offered by financial companies by giving banks a “bank charter” that is granted as a privilege and that contracts “public trust”. Guarantees and guarantees: these must be carefully examined in all transactions. It should be noted, however, that the purpose of guarantees and guarantees in a contract of establishment differs from their purpose in contracts of sale. The lender will not attempt to sue the borrower for breach of a guarantee and guarantee – rather, it will use an infringement as a mechanism to declare an event of default and/or request repayment of the loan. A disclosure letter is therefore not required with respect to insurance and guarantees in establishment agreements. However, there are different subdivisions within these two categories, such as interest loans and balloon loans.
- No categories