1. Joint liability for credit union loans

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It is best to negotiate to repay the loan, otherwise the credit union will be in trouble and you may even lose your job. Influence.

2. Joint and several liability for bank loans

Legal analysis: Borrowers with joint and several liability cannot apply for a loan. If a borrower applies for a loan and is not overdue, he or she is generally jointly and severally liable. It means there is overdue behavior.

Legal basis: "The People's Republic of China and the Civil Code"

Article 667: The loan contract means that the borrower borrows money from the lender and returns the loan and pays when due interest contract.

Article 668: A loan contract shall be in writing, unless otherwise agreed upon for a loan between natural persons.

The content of a loan contract generally includes terms such as loan type, currency, purpose, amount, interest rate, term and repayment method.

Article 676 If the borrower fails to repay the loan within the agreed time limit, it shall pay overdue interest in accordance with the agreement or relevant national regulations.

3. If the company cannot repay the bank loan and shareholders pay unlimited joint liability, will they need to go to jail?

The company is a limited company and only bears limited liability (including shareholders). To put it simply, it is responsible for the part of the funds you invest in the company. However, if the company's loan is accompanied by a shareholder's personal joint liability, it will It becomes unlimited liability, which means that the bank can apply for execution as much as you have assets. If criminal law is not violated, company shareholders will not go to jail.

4. What is the scope of joint and several liability for bank mortgage loans?

When the lender cannot repay the loan on time, the guarantor who bears joint and several liability is obliged to repay the loan on his behalf first.