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Can village cadres sign and seal IOUs?
Village cadres can sign and seal loans, but individuals still need to meet certain conditions. Personal loans need to meet the following conditions:

Conditions for applying for loan business:

1,18-a natural person aged 65;

2. The borrower's actual age plus the loan application period shall not exceed 70 years old;

3. Have the ability to stabilize employment, income and repay the loan principal and interest on schedule;

4. Good credit information and no bad records;

5. Other conditions stipulated by the bank.

Remarks: Personal loans should be repaid on time to avoid overdue and affect personal credit information.