Weibin district lawyer
Baokang county lawyer
Yiling district lawyer
Heshan district lawyer
Xunyang county lawyer
Pianguan county lawyer
In real life, everyone should have heard of the term usury. Although we haven't touched it, we may have seen it on TV or in other books and periodicals. Under normal circumstances, people who borrow usury will generally have some bad consequences because the interest rate is too high. But there are still many people who borrow usury, so is it illegal for students to borrow usury? The following is Bian Xiao's answer.
Is it illegal for students to borrow usury?
1. According to the provisions in the Notice of the People's Bank of China on Banning Underground Banks and Combating usury, the interest rate of private personal loans shall be determined by both borrowers and borrowers through consultation, but the interest rate determined through consultation by both parties shall not exceed 4 times the interest rate of financial institutions at the same level in the same period announced by the People's Bank of China (excluding floating). Those who exceed the above standards should be defined as high-interest loans.
Secondly, through the Notice of the People's Bank of China on Banning Underground Banks and Combating usury, we can know that usury is not only not protected by national laws, but also severely cracked down, which shows that it is illegal.
Finally, although there is no charge of usury in the criminal law, only the crime of illegally absorbing public deposits is stipulated, but those who violate the criminal law in the process of usury should be investigated for criminal responsibility according to law.
Article 11 of the General Principles of Civil Law of People's Republic of China (PRC).
/kloc-citizens over the age of 0/8 are adults with full capacity for civil conduct, able to conduct civil activities independently, and are persons with full capacity for civil conduct.
A citizen who has reached the age of 16 and is under the age of 18 and whose main source of livelihood is his own labor income is regarded as a person with full capacity for civil conduct.
Article 12
/kloc-Minors over 0/0 are persons with limited capacity for civil conduct and can engage in civil activities appropriate to their age and intelligence; Other civil activities shall be represented by their legal representatives or with the consent of their legal representatives.
To sum up, we should know that usury is illegal and not protected by national laws, and engaging in usury will also be punished accordingly. People who borrow usury will naturally touch the law, so it is illegal for students to borrow usury. Since you are a student, it will involve the issue of age. Under the age of 18, you are a group with no civil capacity or limited capacity, and you are definitely not a group with a fixed income, so the loan usury behavior is invalid.
Is it illegal for students to borrow usury? According to the relevant provisions of Chinese laws, it is illegal to define it as usury. Therefore, people who borrow usury are naturally in violation of the law, so it is illegal for students to borrow usury. As a student, it will definitely involve the issue of age. If you are under the age of 18, you are a person with limited capacity for civil conduct and have no right to borrow usury, so it is an invalid civil legal act.
Extended reading:
How much interest does it cost to borrow money? Is usury illegal?
What is the general interest rate of usury? How to calculate the interest rate of usury?
Can I borrow usury? Harm of usury