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The regulation of loan relations is reflected in the legislation of the Republic of Moldova in the Civil Code of the Republic of Moldova Nr. 1107 dated 06.06.2002 (Articles 867-874):
In accordance with Art. 867 of the Civil Code of the Republic of Moldova, under a loan agreement, one party (lender) undertakes to transfer the amount of money or other interchangeable things to the other side (borrower), and the borrower undertakes to return to the lender the same amount of money or an equal number of things of the same kind and quality upon expiration of the loan.
A loan agreement is gratuitous unless otherwise provided by law or agreement.
In case of non-fulfillment by the lender of the obligation to lend, the borrower may demand only compensation for losses incurred in connection with this.
According to Article 869 of the Civil Code of the Republic of Moldova , under a loan agreement, the parties may provide for the payment of interest, which should reasonably be related to the refinancing rate of the National Bank of Moldova.
Interest is paid after each year from the date of conclusion of the contract and until the loan is returned, unless otherwise provided by the contract.
In case of non-payment of interest by the borrower within the prescribed period, the lender is entitled to demand an immediate repayment of the loan amount and interest on it.
In accordance with Art. 871 of the Civil Code of the Republic of Moldova , the loan is repayable by the borrower on time and in the manner provided by the contract. If interest is not established, the debtor has the right to repay the loan before the deadline.
The borrower must return the items of the received quality and in the received quantity, but no more, at least the prices have increased or decreased.
In the case of a loan of a monetary amount, the borrower is obliged to repay the received nominal amount without taking into account changes in the value of cash.
Please note that if the loan agreement does not establish a repayment period or a notice period, the loan must be repaid within thirty days from the date the borrower requests it.
According to Article 872 of the Civil Code of the Republic of Moldova , if the borrower fails to repay the loan within the prescribed period, the lender has the right to demand payment of the entire amount of the interest in the amount provided for in Article 619 of the Civil Code of the Republic of Moldova (refinancing rate of the National Bank of Moldova plus 5 percent) unless otherwise provided by law or contract.
If the agreement provides for the repayment of the loan in installments (by installments), if the borrower does not return at least one payment in the prescribed manner, the lender may demand the immediate return of the entire loan amount, as well as interest on it.
If the borrower cannot return the thing, he is obliged to pay its cost, calculated taking into account the place and time of fulfillment of the obligation.
In accordance with Article 872 of the Civil Code of the Republic of Moldova, if the borrower fails to fulfill its obligations to ensure the return of the thing, the lender has the right to demand an immediate repayment of the loan amount and interest on it.