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Is it illegal to harass your family with loans?
Legal basis: Notice on Standardizing Private Lending to Maintain Economic and Financial Order V. Illegal activities are strictly prohibited, and illegal fund-raising funds such as illegally absorbing public deposits and absorbing public deposits in disguised form are severely cracked down to issue private loans. Severely crack down on illegal means such as intentional injury, illegal detention, insult, intimidation, threat and harassment to collect loans.
Severely crack down on the behavior of obtaining credit funds from financial institutions and then lending at high interest rates. Severely crack down on students' illegal loans, loans without specific purposes or disguised loans that actually charge high interest (fees) in the name of providing services and selling goods. It is strictly forbidden for employees of banking financial institutions to carry out organized private lending as major members or actual controllers.
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