Thailand’s first debt-collection law went into effect on March 6 and makes it a violation to collect debts through threatening and abusive practices, reports Thai PBS.
Practices used to collect debts that are prohibited under the new law, according to Thai PBS, include:
- Using abusive, libelous words.
- Threatening to publicly disclose debtor’s names.
- Deceiving debtors into paying, e.g. falsely claiming to be a lawyer, using fake court order, etc.
- Threatening to impound debtor’s assets or salaries.
- Charging unfair fees over the official limit.
Creditors found in violation of the law could reportedly face 3-5 years in prison and/or a fine of 300,000-500,000 baht.
The Thailand process servers and investigators at Chaninat and Leeds’ have been delivering and legally authorizing subpoenas, lawsuits, summons, and other legal documents in Thailand since 1997.
Read the full story here.
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