laenuõigus
Laenuõigus refers to the branch of law that governs loan agreements. It encompasses the rights and obligations of both the lender and the borrower in a credit relationship. The core of laenuõigus lies in the contract, which details the terms of the loan, including the principal amount, interest rate, repayment schedule, and any associated fees or collateral.
Key principles within laenuõigus include good faith and fair dealing, ensuring that both parties act honestly
The law also addresses situations where the borrower defaults on the loan. This can lead to various
In Estonia, laenuõigus is primarily regulated by the Law of Obligations Act (Võlaõigusseadus). This legislation covers