In CCB, the loan is made in the name of the village Committee and will not be repaid after three years. Do you have to bear the repayment obligation from the members of the village Committee?
According to relevant data, as of June 5, 2022, according to the provisions of People's Republic of China (PRC) Property Law and National Law, the debts of village committees should be borne by village collectives according to law. However, the loan in the name of the village Committee, which has not been repaid after three years, is a personal debt and should not be borne by the members of the village Committee. Individual overdue repayment should be dealt with according to law.