First of all, according to the Contract Law, banks have the right to recover debts through legal actions such as prosecution before the borrower pays off all the loan amount. Therefore, even after ten years in loans overdue, banks still have the right to sue.
Secondly, according to the provisions of China's civil procedure law, creditors can protect their legitimate rights and interests by filing a lawsuit when overdue debts are not fulfilled. According to this law, the bank can apply to the court to judge the borrower to fulfill the repayment obligation.
In addition, according to the Provisions of the Supreme People's Court on Several Issues Concerning the Application of Incentive System in Civil Litigation, banks can apply to the court for incentive measures after prosecution. This means that when banks are faced with the situation in loans overdue, they can attract social forces to help find borrowers and borrowers' property by providing corresponding incentives to recover their debts.
To sum up, after ten years in loans overdue, banks still have the right to sue borrowers for debt recovery through legal means. According to the relevant provisions of the Contract Law and the Civil Procedure Law, banks can apply to the court to judge borrowers to perform repayment obligations, and at the same time, they can also apply for incentives to recover debts.
Supplementary information:
The handling of overdue loans generally includes the following procedures: issuing a notice of collection, bringing a lawsuit, and making a court decision. Specific procedures and legal details may vary according to different regions and banking policies, so it is best for borrowers to consult professional legal institutions or lawyers for relevant legal guidance when encountering loans overdue problems.
In addition, loans overdue will leave a stain on his personal credit record, which may affect his personal credit and adversely affect his future lending and financial activities. Therefore, when facing loans overdue, the borrower should communicate with the bank and arrange the repayment plan reasonably to avoid further legal disputes and credit losses.