Current location - Loan Platform Complete Network - Bank loan - I am an employee of a public institution and have my own housing provident fund loan. Can I vouch for my friend? How can I refuse? thank you
I am an employee of a public institution and have my own housing provident fund loan. Can I vouch for my friend? How can I refuse? thank you
Housing provident fund cannot guarantee others. Your friend's guarantee should mean that you are the other party's general guarantor or joint guarantor, because you have to bear the corresponding guarantee responsibility, you can directly refuse.

1. Article 5 of the Regulations on the Management of Housing Provident Fund stipulates that housing provident fund shall be used for employees to purchase, build, renovate and overhaul their own houses, and no unit or individual may use it for other purposes.

Second, the guarantee responsibility

People's Republic of China (PRC) Securities Law

Article 16 The guarantee method is:

(1) general guarantee;

(2) Joint and several liability guarantee.

Article 17 If the parties agree in the suretyship contract that the surety shall bear the suretyship liability when the debtor fails to perform the debt, it is a general suretyship.

The guarantor of a general guarantee may refuse to undertake the guarantee liability to the creditor before the main contract dispute has been tried or arbitrated and the debtor's property has been enforced according to law.

Under any of the following circumstances, the guarantor shall not exercise the rights specified in the preceding paragraph:

(a) the debtor's domicile has changed, and the creditor has great difficulty in asking him to perform his debts;

(2) The people's court accepts the bankruptcy case of the debtor and suspends the execution procedure;

(3) The guarantor waives the rights stipulated in the preceding paragraph in writing.

Article 18 Where the parties agree in the suretyship contract that the guarantor and the debtor shall be jointly and severally liable for the debts, it is a suretyship of joint liability.

If the debtor of joint and several liability guarantee fails to perform the debt at the expiration of the debt performance period agreed in the main contract, the creditor may require the debtor to perform the debt, or may require the guarantor to assume the guarantee liability within the scope of its guarantee.