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Govt touts benefits of new loan law

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Govt touts benefits of new loan law
By Ketkan Boonpen,
Mayuree Sukyingcharoenwong
The Nation

 

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But concerns voiced on whether it breaches people’s rights

 

BANGKOK: -- MANY benefits – including better efficiency and a higher rate of loan repayment – would come from implementation of the new Student Loan Fund (SLF) Act 2017, Education Ministry permanent secretary Chaiyapruek Serirak said yesterday.

 

However, a former Human Rights Committee Lawyers Council of Thailand member, Surapong Kongchantuk, said the new law was inappropriate, as it would violate people’s personal rights and could also be deemed to break the labour protection law.

 

Chaiyapruek said the new law, which has been in effect for just a few days since Friday would allow the SLF to access the personal information of its borrowers. That includes about 1 million debtors with repayments overdue.

 

Full story: http://www.nationmultimedia.com/news/national/30305417

 
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-- © Copyright The Nation 2017-02-01

Don't take any loan and all your rights are your own...

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