Discuss On Loan Fraud

Loan Fraud is a new type crime emerging in the course of deepening of economic reform and open door policy, transformation of economic system as well as the optimization of modem financial system of our country, which brings up the question of whether criminal law, as the backbone and protection law of our country's legal system, is well justifiable to be involved in this area and, if so, to what extent it shall be so involved to most appropriately function to prevent crime and protect the rights and interests of victims. This article, setting out from the prospective of fact and standard, analysis the characteristics and harm of loan fraud, delimits the sphere of its definition, as well as explaining the basis and reasons for criminal legislation for loan fraud, in addition, in reference to the experience of other country as regard loan fraud criminal legislation and in connection with our country's judicial practice, pinpoints the limitation and problems of criminal legislation for loan fraud in our country through analysis and determination of loan fraud, and study the supplementary suggestions as to such legislation optimization, so as to better prevent and counteract loan fraud.