Will the online loan be collected at the household registration address when it is overdue?

It is out of the question. Generally, you don't collect money from your household registration. After all, there will be a lot of travel expenses. The cost is relatively high. Even if you are overdue, the other party may only sue you instead of coming to the door.

Temporary procedure

On February 28th, 20 18, Guangdong Finance Office issued the Notice on Implementing the Interim Measures for the Management of Business Activities of Information Intermediaries in Peer-to-Peer Lending in official website, which came into effect on March 26th, 20 18 and was valid for 3 years.

Account supervision

The main reasons for running away and cheating on P2P platform are: lack of supervision of intermediate fund accounts, and P2P platform has the right to allocate funds in intermediate accounts.

Intermediate fund account is established for transaction verification and posting, and its establishment is a necessary part of P2P platform. However, the intermediate fund accounts of domestic online lending platforms are generally in a regulatory vacuum, and the right to allocate funds is still in the hands of the platform. If the time difference and terms are not strictly controlled, the moral hazard caused by the deposit of funds in intermediate accounts such as "absconding with money and using it for other purposes" is great.

Therefore, by monitoring the source, custody, settlement and ownership of capital flow, analyzing the roles of all parties involved in credit activities in detail, and monitoring the "earmarking" of intermediate fund accounts, the possibility of P2P online lending platform intervening in illegal fund-raising or commercial fraud can be avoided, and it is also beneficial for relevant departments to conduct social financing statistics and monitoring analysis.

Domestic P2P online lending platforms generally open intermediate fund accounts in banks and third-party payment platforms to realize intermediate transfer settlement. The general attitude of fund custodians is to allow accounts to be opened, but not to allow supervision. The regulatory authorities can consider appointing a custodian to be responsible for the intermediate fund account, so that the platform itself can only view the account details, but can't call the funds at will. In addition, a professional certification body can also be established to certify the security of funds independently of the P2P platform.

policy surveillance

Because P2P online lending is still a new industry in China, the state has not targeted its supervision. There is no doubt that P2P online loan business is helpful to solve the funding problem of SMEs. As a kind of non-governmental lending, although the loan cost is high, the reason for enterprises to choose is that the funds arrive quickly and the loan threshold is low, especially to solve the short-term temporary capital turnover.