The limitation of prosecution for the crime of loan fraud is 20 years, because the statutory maximum penalty for the crime of fraud is fixed-term imprisonment of 10 or life imprisonment, and according to the provisions of the criminal law, the statutory maximum penalty is life imprisonment, and no prosecution will be initiated after 20 years.

legal ground

Article 87 of the criminal law

After the following time limit, criminal acts will not be prosecuted:

(1) Five years have passed if the statutory maximum penalty is less than five years of fixed-term imprisonment;

(2) The statutory maximum penalty is fixed-term imprisonment of not less than five years but not more than ten years;

(3) Fifteen years if the statutory maximum penalty is fixed-term imprisonment of not less than ten years;

(4) Twenty years have passed if the maximum legal punishment is life imprisonment or death penalty. If it is deemed necessary to prosecute after 20 years, it shall be submitted to the Supreme People's Procuratorate for approval.

Article 266

Whoever swindles a large amount of public or private property shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance, and shall also or only be fined; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years and shall also be fined; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined or confiscated. Where there are other provisions in this Law, such provisions shall prevail.