: The termination status must be reported to the Bureau of Credit Histories . Summary of Termination Methods Requirement Mutual Consent Agreement by both parties Sign a termination agreement Court Action Material breach or changed circumstances Lawsuit filed in an Arbitration Court Unilateral Refusal Statutory or contractual right Formal written notification to the other party
: Common grounds for banks include systematic missed payments or a significant drop in the value of collateral. rastorzhenie kreditnogo dogovora
A party can petition the court to terminate the agreement if there has been a "material breach". : The termination status must be reported to