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What can be done if the borrower refuses to repay the loan and does not recognize it?
✅ According to our legislation, when concluding loan agreements in the amount not exceeding 10 times the basic calculation amount, it is not required to formalize them in writing. Therefore, it is valid if you also entered into a loan agreement orally.
📍But if the borrower refuses to take the loan, you can only get it back by proving that you gave the loan with the help of witnesses or evidence.
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