There is no legal basis for debt collection companies to undertake the power of attorney for debt collection, and they lack the authority and administrative compulsion given by law. Some debt collection companies use threats, intimidation, cajoling, extortion and other improper means to forcibly collect debts from debtors to eliminate disadvantages, and even kidnap hostages and engage in illegal and criminal activities such as violence that endanger personal safety in order to collect high rewards. The existence of debt collection companies not only disturbs the normal production, work and life order of enterprises, institutions and citizens, but also endangers social order, encourages illegal debt collection activities underground and causes adverse effects in society.
To clean up the companies and enterprises engaged in debt collection business and notify them to apply for cancellation or change of registration; If the notice is not implemented, the business license shall be revoked by the administrative department for industry and commerce. The Trademark Office of the State Administration for Industry and Commerce has adjusted the scope of trademark classification registration, and emerging service industries such as "detective companies" and "private bodyguards" have appeared in the newly promulgated Division Table for Registration of Trademarks for Goods and Services, but debt collection companies are still prohibited. Vertical beat
Article 272 of the Criminal Law of People's Republic of China (PRC), any employee of a company, enterprise or other unit who, by taking advantage of his position, misappropriates the funds of his own unit for personal use or lends them to others, and fails to pay them back for more than three months, or engages in profit-making activities or illegal activities for less than three months, shall be sentenced to fixed-term imprisonment or criminal detention; Whoever misappropriates a huge amount of funds from his own unit shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years; If the amount is especially huge, he shall be sentenced to fixed-term imprisonment of not less than seven years.
Article 238 Whoever illegally detains others or illegally deprives others of their personal freedom by other means shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention, public surveillance or deprivation of political rights.
Article 274 Whoever extorts or extorts public or private property in a relatively large amount or repeatedly extorts or extorts money shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance, and shall also, or shall only, be fined; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years and shall also be fined; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years and fined.