leieforpliktelse

Leieforpliktelse is a Norwegian law that requires a person who has borrowed money or goods from someone else to make efforts to repay or return the loan. This law also applies if the debt is not formalized in a contract. Leieforpliktelse is primarily related to loans that are not secured by a mortgage or other security.

Under this law, a debtor is expected to make reasonable efforts to repay the loan or return the goods. This does not mean that a debtor must immediately find a large sum of money to repay the loan. Instead, it means that they must take steps to improve their financial situation and attempt to repay the debt.

Leieforpliktelse was abolished for most types of debts in 2008. However, it still applies to debts that were formed before the law changed, as well as debts for back rent and other debts that are not formalized in a contract. Leieforpliktelse was mainly relevant for loans between private individuals, rather than commercial loans.

A court may find a person in breach of leieforpliktelse if they are deemed not to be making sufficient effort to repay a debt. Breach of leieforpliktelse may result in a court order requiring the person to repay the debt or return the goods. It is worth noting that leieforpliktelse is based on good faith and reasonableness. A court will assess the circumstances around the debt and the borrower's efforts to repay it before making a ruling. Overall, leieforpliktelse serves as a moral obligation to repay debts, and its principles continue to be relevant in Norwegian law.