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New law will help catch loan defaulters


Overseas student loan defaulters can be nabbed when they return now Inland Revenue and Customs have been given authority to match data hong kong company register.

The bill allowing the data matching was passed by parliament on Thursday.

"Those with student loans need to take personal responsibility for repaying them, and in the case of returning defaulters Inland Revenue will now have the information necessary to follow them up to help resolve their debt," Revenue Minister Peter Dunne said Domestic Helper.

"Loan borrowers need to keep their end of the deal - and that includes borrowers living overseas."

The bill passed its third reading with the support of other parties cheap bookcase.
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