Is the borrower obligated to pay the remaining amounts, exempted by the Credit Bank, to the heirs of the deceased in whose name the loan was taken, knowing that the borrower is both the beneficiary and the guarantor?

If a person borrows in the name of another, acting as an agent, and the agent dies and the bank exempts him from repayment, then the principal must inform the bank of the truth of the matter and that he is the real beneficiary of the loan. This is because the exemption of the agent does not, in Islamic law, mean the exemption of the principal, and the bank is the one who has the right to exempt him or oblige him. The heirs of the deceased agent are not entitled to demand anything from the principal.