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of <h1>Regulation 8 allows loan continuation when borrowers or lenders change residential status under Reserve Bank conditions</h1> Regulation 8 of FEMA's Borrowing and Lending Regulations 2018 addresses loan continuation when parties change residential status. Authorized dealers may permit loans to continue when resident borrowers become non-residents, subject to Reserve Bank conditions. When resident lenders become non-residents, borrowers must repay to the lender's NRO or designated Indian bank account. If non-resident lenders become residents, repayment goes to their designated Indian bank account. Resident individuals may service overseas loans taken while non-resident, following Reserve Bank terms and limits.
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