go search
go contents
home
HOME
close
ENGLISH
CHINESE
JAPANESE
VIETNAMESE
THAI
INDONESIAN
ARABIC
UZBEK
MONGOLIAN
BANGLADESH
NEPAL
CAMBODIA
Menu Open
ENGLISH
Children-Adolescent/Education
Real Estate
Finance/Monetary Transactions
Running a Business
Founding a Business
International Trade/Immigration
Consumer Rights
Culture/Leisure
Civil and Criminal Process
Traffic/Driving
Working/Labor
Social Welfare
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.