Under what circumstances will a bank reminder be issued?

Under what circumstances will the bank issue a dunning notice? A dunning notice is generally issued when the telephone dunning is unsuccessful. Urging borrowers to repay immediately is a means for banks to revitalize non-performing loans. In addition, when the applicant is really unable to repay the loan and the bank takes him to court, it can be used as strong evidence. The collection notice is issued for overdue people, so there is no doubt that when you receive this notice, it means that your personal credit has been damaged by overdue repayment. However, if the borrower's arrears are not intentional and are really caused by economic difficulties, the bank will generally not take you to court. After receiving the reminder, it is your first task to repay it immediately.

According to Article 42 of People's Republic of China (PRC) Commercial Bank Law, the borrower shall repay the loan principal and interest on schedule. If the borrower fails to repay the secured loan at maturity, the commercial bank has the right to require the guarantor to repay the principal and interest of the loan or give priority to the repayment of the collateral.