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When preparing an Agreement for Consumer Cash Loan, the lender must verify that the borrower’s identity is properly specified in the promissory note. It is advisable for the lender to carry out due diligence regarding the borrower’s financial status and enter into a collateral agreement to take security for the loan. It is also advisable that the promissory note be notarized for its evidential admissibility and for safekeeping.
When preparing an Agreement for Consumer Cash Loan, the borrower must verify that the lender’s identity is properly specified in the promissory note. It is advisable that the promissory note be notarized for its evidential admissibility and for safekeeping. Meanwhile, if the borrower makes repayment in due course, he or she must receive a receipt from the lender and keep the receipt for a reasonable period of time to prevent double repayment of the same loan. The borrower should beware of illegal debt collection.
Insurance is emerging as an important means of financial investment!
In this section, you will find legal information that answers many frequently asked questions about insurance, including what kind of insurance is right for you, what precautions you should take when signing contracts, and how to respond to insurance risks.
This content provides easy-to-understand legal information on the introduction of financial products for general financial consumers, financial consumer rights such as the right to request interest rate reductions, the use of financial transactions such as return of erroneous remittances, depositor protection systems because of the bankruptcy of financial institutions, and the resolution of financial disputes through mediation.