Document background
The Money Loan Agreement is a fundamental legal instrument used in Austrian financing transactions to document the lending of money between parties. It serves as the primary contract defining the legal relationship between lender and borrower, incorporating mandatory provisions required under Austrian law, particularly the Austrian Civil Code (ABGB) and, where applicable, the Consumer Protection Act (KSchG). The document is essential for both commercial and private lending arrangements, providing clear terms for loan amount, disbursement, interest calculation, repayment schedules, and default consequences. It includes necessary safeguards for both parties while ensuring compliance with Austrian banking regulations, usury laws, and interest rate restrictions. The agreement can be adapted for various lending scenarios, from simple personal loans to complex commercial financing structures, always maintaining its enforceability under Austrian jurisdiction.
