In real life, people often lend money to others in their own names. This kind of lender is a nominal lender. Many nominal lenders help others with loans and are worried that others will not pay back the money, so they want to know how the nominal lenders transfer the loans to the actual lenders. How can a nominal lender be exempted from liability? Here is a brief introduction.

How does the nominal lender transfer the loan to the actual lender?

The transfer of a loan under an individual's name to another person's name is a transfer of creditor's rights and requires the consent of the loan bank. However, many nominal lenders will help them with loans, because the actual lenders do not meet the loan conditions, so if the actual lenders are not qualified, they cannot transfer their creditor's rights.

In other words, the nominal lender cannot transfer the loan to the actual lender, because the loan is in the name of the nominal lender, and even if the nominal lender is not the actual user of the loan funds, it still has to repay the loan on time. Once in loans overdue, the nominal lender must bear the corresponding fines, such as credit impact and penalty interest.

How can a nominal lender be exempted from liability?

Although the nominal lender is helping others to borrow money, even if the loan funds are not actually used, the loan contract signed with the bank is also the information of the nominal lender. Even if both the nominal lender and the actual lender have written IOUs to agree that the actual lender will repay the loan, there is no exemption.

You know, the bank only recognizes the signatory of the loan contract, that is, in whose name the borrower acts as the repayment obligor of the loan. However, after repayment, the nominal lender may claim repayment from the actual lender. If the other party doesn't repay the loan, you can take the loan to go to court.

The above is the related introduction of "how the nominal lender transfers the loan to the actual lender", hoping to help everyone.