Yes, but other funds or articles suitable for debt repayment need to be provided.
Second, the traffic accident, the other party saved my car, but my car is a loan, can it be auctioned?
Loaned vehicles can be sealed and preserved; If the compensation obligor fails to perform the compensation obligation within the time limit stipulated in the judgment, the people's court may auction the vehicle at the request of the enforcement applicant. After deducting the execution expenses such as auction from the proceeds, the bank loan will be repaid first, and the rest will be delivered to the execution applicant. If there is any surplus, it will be returned to the person subjected to execution.
Legal basis: Provisions of the Supreme People's Government on Several Issues concerning People's Execution (for Trial Implementation)
Article 39. The value of the property sealed up or detained shall be equivalent to the value of the debtor's performance of the debt.
Article 40. The people may transfer the property owned by the person subjected to execution and the property owned by other people who enjoy mortgage, pledge and lien.
Take measures of sealing up and detaining. The proceeds from the auction or sale of property shall be used to pay off the creditor's rights of the applicant executor after the mortgagee, pledgee or lien holder have priority in compensation.
3. What are the conditions for a bank loan of 400,000 yuan? What are the requirements?
Borrower's requirements
1, natural person aged 18-60 (Hong Kong, Macao, Taiwan, mainland China and foreigners are also allowed)
2. Have a stable occupation, stable income and the ability to repay the loan principal and interest on schedule.
3. The borrower's actual age and loan application period shall not exceed 70 years old.
Information to be provided by the borrower
1, ID cards of both husband and wife, household registration book/temporary residence permit, and household registration book for foreigners.
2. Two copies of marriage certificate/divorce certificate or judgment/single certificate.
3. Proof of income (format stipulated by the bank)
4. Copy of the business license of the unit (with official seal)
5. Credit certificate: including education certificate, other real estate, bank running water, large deposit certificate, etc.
6. If the borrower is an enterprise legal person, it must also provide the annual business license, tax registration certificate, organization code certificate, articles of association and financial statements.
Extended data:
According to the general principles of loans:
Article 18 The rights of the borrower:
First, you can apply for loans from the host bank or the agent bank of other banks independently and get loans according to the conditions;
Two, have the right to withdraw and use all the loans as agreed in the contract;
3. Have the right to refuse additional conditions other than the loan contract;
4. Have the right to report relevant information to the superior bank of the lender and the People's Bank of China;
Five, with the consent of the lender, have the right to transfer the debt to a third party.
Article 19 Obligations of the Borrower:
1. It shall truthfully provide the information required by the lender (except those that cannot be provided by law), and truthfully provide all the bank accounts, account numbers and deposit and loan balances to the lender, and cooperate with the lender's investigation, review and inspection;
Two, should accept the lender's supervision of its use of credit funds and related production, operation and financial activities;
3. The loan shall be used for the purposes agreed in the loan contract;
Four, should pay off the loan principal and interest in time according to the loan contract;
5. The transfer of all or part of the debt to a third party requires the consent of the lender;
When intransitive verbs endanger the creditor's rights, they shall promptly notify the lender and take preservation measures.
Article 20 Restrictions on the Borrower:
1. Loans shall not be obtained from two or more branches at the same level within the same jurisdiction of 1 lender.
Two, shall not provide false or conceal important facts to the lender's balance sheet, income statement, etc.
Three, shall not use loans to engage in equity investment, unless otherwise stipulated by the state.
Four, the loan shall not be used for speculation in securities and futures.
Five, in addition to the borrower who has obtained the qualification to operate real estate according to law, shall not use loans to operate real estate business; Borrowers who have obtained real estate business qualifications according to law shall not use loans to engage in real estate speculation.
Six, not to borrow with loans to seek illegal income.
Seven, shall not use loans in violation of the provisions of the state administration of foreign exchange.
Eight, shall not take fraudulent means to defraud loans.