What does the loan intermediation agreement mean?

Legal analysis: Intermediary contract, also known as "intermediary service contract". It refers to the agreement that the broker provides the client with the opportunity or introduction to conclude a contract with a third party at the request of the client, and the client must pay the agreed remuneration to the broker. Features: (1) The object of a contract is not a legal act, but an introduction to the contracted labor service; (2) The intermediary is neither a party to the contract concluded between the client and a third party, nor an agent of any party, but an intermediary; (3) It is a paid contract, and the broker can only ask for remuneration if the intermediary produces effective results. Theoretically, it is considered that the intermediary contract is a special contract, and the parties have no strict contractual obligations; There is also a theory that the intermediary contract is a quasi-entrustment contract and the general provisions on entrustment apply.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 961 An intermediary contract is a contract in which the intermediary reports to the client the opportunity to conclude a contract or provides media services for concluding a contract, and the client pays the remuneration.

Article 962 The broker shall truthfully report to the client the matters related to the conclusion of the contract.

If the broker intentionally conceals important facts related to the conclusion of the contract or provides false information, which harms the interests of the client, he shall not ask for payment of remuneration and shall be liable for compensation.