Chiangmai Legal Counsellors, foreign law service, thailand law service FOREIGN LAW SERVICE - THAILAND LAW SERVICE
Chiang mai, Thailand
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Welcome to Chiangmai Legal Counsellors
We offer foreigners our complete thailand law services at very reasonable rates. We speak English and have a successful practice of foreign clients so please ask us any questions and compare our prices.

We work in all over Thailand and can assist you with all Law services.
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Loan Agreement
 
Loan Agreement is stated that on the civil and commercail code are as follow :
Section 653 a loan of money for a sum exceeding fifty baht in capital is not enforceable by action unless there is some written evidence of the loan signed by the borrowers.
No repayment of a loan of money evidenced by writing may be proved unless there be some written evidence signed by the lender, or the document evidencing the loan has been surrendered to the borrower or cancelled.
Section 654 Interest shall not exceed fifteen per cent per year; when a higher rate of interest is fixed by the contract, it shall be reduced to fifteen per cent per year.
 
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