Current location - Loan Platform Complete Network - Loan consultation - What if the borrower changes the purpose of the loan without permission?
What if the borrower changes the purpose of the loan without permission?
According to the law, the lender knows that the borrower is borrowing money for illegal activities, and its lending relationship is not protected. Therefore, illegal use of loans can also be considered invalid.

In addition, if the creditor knows that the other party will use the loan for illegal activities, such as gambling, the law will not protect the interests of the creditor. Creditors who know that the other party is used for criminal acts may also constitute joint crimes or other charges.

legal ground

Article 673 of the Civil Code stipulates that if the borrower fails to use the loan according to the agreed purpose, the lender may stop issuing the loan, recover the loan in advance or terminate the contract.