Legal action to retrieve emergency loans 'works' - News Summed Up

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Legal action to retrieve emergency loans 'works'


Legal action to retrieve emergency loans 'works'Legal action against Taiwanese nationals who have failed to repay debts to R.O.C. Legal action has proven effective, as fewer people are now neglecting to repay their emergency loans, he said. Bureau of Consular Affairs (BOCA) Deputy Director-General Roger Luo (羅添宏) said Taiwan's overseas offices have been granting emergency loans to Taiwanese nationals for decades. Overseas offices maintain written records of the loans and the contact information of borrowers, with the promise that borrowers will repay loans when they return to Taiwan. overseas offices has proven effective, a Ministry of Foreign Affairs (MOFA) official said on Thursday.


Source: The China Post August 11, 2016 16:30 UTC



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