What Are the Responsibilities of a Student Loan Cosigner?

The entrusted loan contract is formed between the trustee and the trustee (loan) and the borrower. According to the trustee's entrustment requirements, the trustee (the lender) will provide funds to the trustee (the lender) in its own name An agreement by the borrower to issue, supervise the use of and recover the loan.

Entrusted loan contract

Right!

The entrusted loan contract is the

(1) Restrictions on trustee qualifications. According to relevant national laws and regulations,

The entrusted loan contract consists of three parts: the first part, the main part and the last part. ^[4]

When entrusting a loan contract, the issues that should be paid attention to are: ^[2]

Entrusted loan contract ^[4]

Debit: ×× company. Registered office: X × City X × Road X ×.

Creditor: XX Trust Company. Registered office: XX Road, XX City.

The lender is entrusted by XX to negotiate with the borrower on the entrusted loan and sign this contract.

I. Loan amount, interest rate and term

According to the requirements of the XX entrusted loan, the lender agreed to provide the borrower with RMB XXX million. The term of the loan is 2 years, from X X X to X X X. The loan interest rate is 9.8 per month.

Second, the purpose of the loan

The loans under this contract are limited to the XXXX project and cannot be used for other purposes. If misappropriation is found, the lender has the right to increase the penalty interest rate by XX% based on the actual misappropriation amount from the misappropriation of El until the recovered loan is recovered.

III. Handling of loans

When applying for a loan, the borrower must submit a loan application, the client's approval and a repayment plan.

Management of loans

The borrower shall provide the lender with the financial accounting statements on a quarterly basis, and provide the loan usage and efficiency situation every six months.

The lender has the right to check the use of this loan when it considers it necessary, and the borrower is obliged to provide the lender with all necessary information and provide assistance.

V. Interest Calculation Methods of Loans

This loan adopts a simple interest method.

Six, loan repayment method

1. The borrower repays the loan based on the repayment plan it submitted to the XX Trust Company.

2. This loan is generally not renewed. If the borrower applies for a loan renewal, it should apply to the client one month before the maturity, and after approval, sign a loan contract with the lender.

3 When the loan is due, if the borrower cannot return it on time, the lender will add a penalty of XX% on the basis of the original loan from the date of overdue.

7. Breach and Arbitration

1. Any breach of any of the terms of this agreement by the borrower and lender is a breach of contract.

2. Any disputes arising out of or related to this contract shall be settled through negotiation between the borrower and the lender and the entrusting unit. When the negotiation cannot resolve the dispute, a lawsuit may be brought to the local people's court.

3 All losses caused by the above disputes and the costs of court rulings shall be borne by the losing party.

Eight, other

1. This contract cannot be amended or revoked unilaterally without the consent of both parties. All amendments to this contract appear in written form and are signed by the authorized representatives of the borrower and lender and stamped with the official seal of the unit.

2. This contract shall take effect after being signed by the authorized representatives of the borrower and lender and affixed with the official seal. After the borrower has repaid all the principal and interest of the lender, this contract will automatically expire.

3 This agreement should not affect the legal effect of the borrower's shutdown and transfer, or personnel changes.

4 This contract is in 4 copies, 2 originals, to be retained by the borrower and lender; 2 copies, to be retained by XX Trust Company and the client.

Borrower Signing Creditor Signing

(Official seal) (Official seal)

XXXX on XXXX