Reasonable, take "three stops and five noes" measures for public officials who fail to repay loans, and suspend their posts, salaries and posts; No promotion, no evaluation, no salary increase, no promotion. For the loans owed by public officials, if they have the ability to repay, they should be urged to return them within a time limit; If you don't have the ability to repay in full, you should pay interest regularly; If it is difficult to repay the interest, a detailed repayment agreement should be signed; Those who maliciously default on loans should be dealt with severely according to law and discipline. The historical formation of non-performing loans involving county-level administrative institutions, township governments and relevant departments, as well as loans owed by village collectives to credit cooperatives, instructed relevant departments to organize debt clearance. If the local finance has the ability to repay, it should be repaid first; If the repayment ability is insufficient, it is allowed to replace it with high-quality assets to assist in liquidation. For enterprises and individuals who are in arrears with loans from rural credit cooperatives, the judicial department should protect the legitimate rights and interests of rural credit cooperatives in accordance with the law and resolutely crack down on malicious evasion of debts and fraudulent loans.
People's Republic of China (PRC) Civil Code
Article 673 Where the borrower fails to use the loan according to the agreed purpose, the lender may stop issuing the loan, recover the loan in advance or terminate the contract.
Article 674 The borrower shall pay interest at the agreed time limit. If the time limit for paying interest is not stipulated or clearly stipulated, and cannot be determined according to the provisions of Article 510 of this Law, if the loan period is less than one year, it shall be paid together with the loan; If the loan term is more than one year, it shall be paid at the end of each year; if the remaining term is less than one year, it shall be paid together with the loan.
Article 676 If the borrower fails to repay the loan within the agreed time limit, it shall pay the overdue interest in accordance with the agreement or the relevant provisions of the state.