The loan agreement and its options for termination under the New Romanian Civil Code and the New Code of Civil Procedure in the event that the lender has an urgent and unforeseen need for housing in respect of the property

Abstract

The legal institution of loan agreement is undoubtedly an important part of commercial and social life. Extensive use of the legal institution generates facts whose regulation is not always satisfactory. This is also the case with regard to the possibility of early termination of the loan agreement. Although the Civil Code and the Code of Civil Procedure contain provisions for this possibility, they are not enforceable in all cases. The analysis of the relevant regulation and its substantiation with a legal case can be read below.