Abstract: this time the revised release of private lending cases applicable law, what are the highlights for the development of the domestic P2P industry will have what impact?
private lending over 24% annual interest rate, the court will not be protected".
see this message, I believe in a lot of P2P platform in the heart of stone finally can soft landing. The day before, the Supreme People’s Court issued "Regulations on Several Issues concerning the trial of civil borrowing cases applicable law" (hereinafter referred to as the "Regulations" applicable law judicial interpretation of civil borrowing cases).
According to the provisions of the "
twenty-sixth" provisions of the applicable law of private lending cases, borrowing the agreed interest rate does not exceed the annual interest rate of 24%, the lenders request the borrower to pay interest in accordance with the agreed interest rate, the people’s court shall support."
simply said that the annual rate of private lending is higher than 24%, will not be protected by law, sued the court will not be supported. And for the majority of P2P net loan platform, called a big red envelope".
you know, in the P2P net loan platform competition, remove the safety, the biggest platform project annual interest rates impact on users, many platforms have resorted to "high return" banner, in the competition for customers when the individual items that return up to 30%.
today, the judicial interpretation of the Supreme People’s court with the introduction of the P2P platform, will not attract customers with such high return projects, and for the customers on the platform project return rate is not high question, it can be said that those so-called high returns are not protected by law.
so, this time the revised release of private lending cases applicable law, what are the highlights for the development of the domestic P2P industry will produce what impact?
three highlights: to clarify the legal relationship between private lending
Supreme People’s court overwhelmed by the latest release of private lending cases applicable law, the full text of 33, a total of 4842 words. As the latest interpretation of the law applicable to private lending disputes, there are three bright spots worthy of attention.
highlights: the first amendment in 25 years. In fact, the application of the law or judicial interpretation of private lending cases, prior to 1991, the Supreme People’s Court issued the "opinions on the people’s court hearing the case of the loan".
can see that the interpretation has been nearly 25 years ago, has been far from meeting the social reality and the current situation of private lending disputes.
according to the Supreme People’s court to disclose the data, only the first half of 2015, the court accepted the case of private lending disputes has reached 526 thousand. This figure is close to the total private lending cases in 2011 the national court concluded throughout the year (594 thousand).