Is the Henan Rural Credit Cooperative’s harvest storm legal?

Legal. For example, Jiaozuo, Henan, Luohe, Henan and other places.

1. Jiaozuo City carries out the "Execution Storm" action to collect non-performing loans of rural credit cooperatives

In order to further optimize the financial ecological environment, prevent and resolve financial risks, and promote high-quality economic and social development , Jiaozuo Municipal Financial Work Bureau, Municipal Intermediate People's Court and Municipal Rural Credit Office, based on the overall situation, closely cooperated, strengthened implementation and carried out centralized collection of non-performing loans of rural credit cooperatives across the city from April 28 to 30, 2021 Operation "Execution Storm".

In the "Enforcement Storm" operation for the centralized collection of non-performing loans, the people's courts at the city and county levels dispatched a total of 97 police vehicles and 361 police officers, and various rural credit cooperatives (rural commercial banks) dispatched a total of cooperating vehicles There were 109 vehicles and 288 people. The police recovered 6.48 million yuan in cash, 52 repayment agreements, the agreed repayment amount was 8.72 million yuan, and 148 people were detained. Among them: Boai County, Mengzhou City, and Jiefang District collected cash of 1.32 million yuan, 1.25 million yuan, and 790,000 yuan respectively, ranking the top three in the city. At the same time, during the centralized execution of collection activities, two dishonest persons subject to execution who had bad attitudes, concealed property, refused to repay, and met the criteria for "resistance to execution" were arrested, detained, and filed and tried.

The "Execution Storm" operation was fully publicized and reported through newspapers, TV stations, radio and other news media, which aroused strong responses from all walks of life. It not only effectively cracked down on financial dishonesty and malicious evasion of financial debts, but also effectively It safeguards the legitimate rights and interests of financial enterprises, demonstrates the determination and confidence of the municipal party committee and municipal government to optimize the financial ecological environment, achieve fairness, justice, honesty and trustworthiness, continuously resolve the risks of non-performing assets of rural credit cooperatives, and promote the healthy development of local financial institutions.

2. Revitalize 133 million bad loans! Good news about the "clearance storm" of non-performing loans of Luohe Rural Credit Cooperatives is spreading

In December 2020, the "clearance storm" of non-performing loans of Luohe Rural Credit Cooperatives was launched. Rural credit cooperatives at all levels in the city vowed to go out to sort out the problem. ideas and proactive actions to vigorously promote the collection and disposal work, and good news about "collection storms" spread frequently. As of January 20 this year, in the 50 days, the city's rural credit cooperatives organized 602 collection personnel, dispatched 118 publicity vehicles, posted collection announcements or sent 832 open letters, and carried out 48 centralized collection operations. , visited 818 households to collect debts, liquidated 649 non-performing loans worth 133 million yuan, and disposed of trusts worth 125 million yuan.