to change Account owner From the loan in case of unforeseen needs is the possibility granted to the person concerned directly by some credit institution from the moment of conclusion of the contract. It is clear that then it will be up to the bank itself to make the necessary assessments of the new borrower, his economic strength, and whether he can be a reliable debtor or not.
In the event that the bank allows the passage and at the same time the new owner is considered suitable for inheriting the debt, it is possible to proceed in two different ways.
The first possibility takes the name of the premise: it is an agreement between the debtor (the first borrower, or accollato) and a third party not related to the contract (accollante), by which it is established that the latter will pay the debt contracted by the first borrower with the credit institution that granted the loan. From that moment on, he will be the one who will have to take care of welding debt Until the last installment and repayment of the loan, which effectively frees the first borrower from the obligations contracted at the time of signing the agreement with the bank.
It should be noted that, as I mentioned before The law is for everyoneThere are different types of assumptions for changing the mortgage holder, namely:
1)Cumulative Assumption: The agreement establishing the loan bond for both the newcomer and the first debtor. This means that both are owed to the credit institution that provided the loan, so in the event of one of them going bankrupt, the other is liable for it to the same bank. With this formula, the latter guarantees the payment of installments and the coverage of the loan even in the event that the contractor is not a particularly reliable debtor.
2Unloading Assumption: Unlike the previous solution, this solution completely frees the first borrower from any burden associated with the contract. So the accollato is completely replaced by the accollante, who will become a debtor to the bank and will have to pay the installments every month until the debt is paid.
By replacing the loan, you can obviously change the owner of the loan, because it is a file Reset The former and the signing of a new agreement to terminate the first mortgage amortization plan. In other words, everything is reset regardless of the amount, which will clearly indicate the remaining debt. In this case, the mortgage, which in any case is replaced by a new one, will be canceled just as any mortgage guarantors will disappear or change. Even those who should have inherited the fees and honors for the first loan will have nothing to do with the new mortgage.