According to the provisions of the Law on Credit Institutions and Section 3, Article 6 of Decision No. 1160/2004/QĐ-NHNN, “The owner of a savings deposit is the person whose name appears on the savings book.” Therefore, the person named on the savings book has full authority to manage and make decisions regarding the funds in the savings book registered under their name?

In the case where the savings deposit constitutes joint marital property, if the husband or wife whose name is on the savings book pledges it to secure a bank loan without the other spouse’s knowledge, the question arises as to whether such a pledge contract is legally valid. In today’s economy, credit transactions through banks […]

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