The Interim Measures for the Administration of Personal Loans have corresponding provisions:

Article 23? The lender shall sign a written loan contract with the borrower, and a guarantee contract shall be signed at the same time if a guarantee is needed. The lender shall require the borrower to sign the loan contract and other relevant documents in person, except for loans handled through electronic banking channels.

Clearly stipulate the good faith commitment of all parties and the purpose, payment amount, payment conditions and payment methods of the loan funds. The loan contract should be set with relevant clauses to clarify the liabilities for breach of contract that the borrower should bear when it fails to perform or slowly performs the contract.

? Extended data:

?

Relevant laws and regulations of Interim Measures for the Administration of Personal Loans:

Article 29 The lender shall manage and control the payment of loan funds by means of entrusted payment by the lender or independent payment by the borrower according to the loan contract.

The borrower's independent payment means that the lender directly pays the loan funds to the borrower's account according to the borrower's withdrawal application, and the borrower independently pays the borrower's transaction object that meets the purpose agreed in the contract.

Article 34? If the borrower pays by itself, the lender shall agree with the borrower in advance in the loan contract, requiring the borrower to report or inform the lender of the payment of loan funds on a regular basis. The lender shall verify whether the loan payment meets the agreed purpose through account analysis, voucher inspection or on-site investigation.

Baidu Encyclopedia-Interim Measures for the Administration of Personal Loans