Lai Lai limits the scope

The scope of the restrictions is as follows:

1. Prohibit some high-consumption behaviors, including prohibiting taking planes and train sleepers;

2. Implement other credit punishments, including restricting loans or credit cards from financial institutions;

3. Where judgment defaulters are natural persons, they must not serve as the enterprise's legally-designated representatives, directors, supervisors, senior managers, and so forth.

Lao Lai is also known as a judgment defaulter. The information on the Judgment Defaulters List will be integrated into the judgment debtor's credit file, and provided to financial institutions and other units in the form of credit reports, for relevant units to weigh and consider in the review of loans and other operations.

Where the person subject to enforcement is a unit, after measures to restrict consumption are taken, the person subject to enforcement, the legal representative, the person directly responsible for influencing the performance of the debt, and the actual controller must not carry out the acts provided for in the preceding paragraph.

Article 1 of the Several Provisions of the Supreme People's Court on the Publication of Information on the List of Judgment Defaulters: Where persons subject to enforcement fail to perform the obligations set forth in effective legal documents, and have any of the following circumstances, the people's courts shall include them in the list of judgment defaulters and give them credit punishments in accordance with law:

1) Refusal to perform obligations set forth in effective legal documents despite having the ability to perform;

2) Obstructing or resisting enforcement by means such as fabricating evidence, violence, or threats;

3) Evading enforcement by means such as sham litigation or arbitration, or concealment or transfer of assets;

4) Violating the property reporting system;

5) Violating an order restricting spending;

6) Refusal to perform on the enforcement of a settlement agreement without a legitimate reason.

Article 2: Where persons subject to enforcement have the circumstances provided for in items 2 through 6 of article 1 of these Provisions, the period for inclusion in the list of judgment defaulters is 2 years. Where the person subject to enforcement uses violence or threats to obstruct or resist enforcement, or has multiple untrustworthy conduct, it may be extended for 1-3 years.

Where judgment defaulters actively perform the obligations set forth in effective legal documents or take the initiative to correct untrustworthy conduct, the people's courts may decide to delete information on untrustworthiness in advance.

Article 3: In any of the following circumstances, the people's courts must not include the person subject to enforcement in the list of judgment defaulters on the basis of the provisions of paragraph 1 of article 1 of these Provisions:

1) Where a full and effective guarantee is provided;

2) Assets that have already been sealed, seized, frozen, or other measures sufficient to pay off debts determined in effective legal documents;

3) The person subject to enforcement has a lower order of performance and should not be compelled against them in accordance with law;

4) Other situations that do not belong to the refusal to perform obligations set forth in effective legal documents that do not have the ability to perform.

The restrictions that the old guy may be subject to are:

1. When going out, you cannot choose the second class or above cabin of the plane, train soft sleeper, or ship.

2. It is not possible to consume in star-rated hotels, hotels, golf courses and other places.

3. It is impossible to purchase real estate or build or expand houses.

4. It is not possible to rent high-end office buildings, hotels, apartments and other places for office.

5. Vehicles that are not necessary for business cannot be purchased.

6. Children are not allowed to attend high-fee private schools.

7. It is not allowed to pay high premiums to purchase insurance and wealth management products.

Extended Information: Won't Online Loans Be Classified as Dishonest?

Whether the online loan will not be repaid will be listed as a judgment defaulter depends on the specific circumstances

1. If the platform does not repay the money after the deadline and is sued to the court, and still does not repay the loan after the court judgment, in fact, I obviously have the ability to repay, then the court is likely to include the borrower in the list of dishonest judgment debtors. Because the Supreme People's Court clearly provides that those who have the ability to perform but refuse to perform the obligations set forth in effective legal documents, they shall be included in the list of judgment defaulters.

2. If you do not evade and fail to repay after the deadline, but you cannot repay it for a while, so you are not sued by the loan platform to the court, then you will not be included in the list of dishonest judgment defaulters.

3. If it is not deliberately defaulted and not repaid, after being sued to the court within the time limit, the court will learn more about the borrower and learn that the borrower does not have the ability to repay, then it will naturally not be listed as a dishonest person subject to execution.

4. If the borrowing is not a formal online loan, and the platform charges high interest fees in violation of regulations, the borrower can choose not to repay the interest expenses beyond the reasonable range, and will not become a dishonest person subject to execution, and the borrower can also collect relevant evidence and report to the platform in turn.

5. To determine whether a user is listed as a dishonest person, it is necessary to check and query on a big data platform such as Qinggou. If they are indeed listed as untrustworthy, they should actively take measures to maintain their own credit.