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Four types of invalid lending contracts in private lending

Time: 2012-12-28         Source: Rong 360 original         Author: bamboo

        Generally speaking, private lending is legal, but it must be within the scope permitted by law, otherwise it is not protected. The interest rate of private individual lending shall be determined by negotiation between the borrower and the lender, but the interest rate negotiated by both parties shall not exceed the state regulations. Borrowing between citizens and businesses can be considered valid as long as the meaning of the parties is true. In practice, for one of the following circumstances, the loan contract shall be deemed invalid:

(1) The enterprise illegally raises funds from employees in the name of borrowing.

(2) The enterprise illegally raises funds from the society in the name of borrowing.

(3) The company grants loans to the public in the name of borrowing.

(4) Other borrowing behaviors that violate laws and administrative regulations.

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