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| Author | What are the rules for giving loans? |
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If I give a loan to a person and make the agreement of high interest after the dated time and if he's not able to pay me back, do I get a refund from the admins and he gets a fine?
Assume I give out 10k for a week at 15% interest. But after 1 week, add 100g (1%) everyday. So in 1 week, if he pays me, he pays me 11.5k. But after 14 days, it becomes 12.2k. So I get 12.2k or 10k if he gets a penalty?
Thank you. | 3.21. Any banking and bookmaker activities are prohibited without exception.
Banking activities - granting loans with interest, receiving money from other players on deposit accounts, pawn shop business, insurance operations or any other bank activities.
3.17. The Administration does not take responsibility for the unreturned debts and does not guarantee compensation in case of swindling by other players; as well as in case if the debtor has been blocked. When a loan is not returned in time, (the time must be written in the transfer logs, no more than a month) the swindler will be imposed a penalty of a sum twice as much. If the term isn't posted in the transfer logs, the penalty will occur 1 month after the loan transaction. The creditor does not get compensation.
https://www.lordswm.com/help.php?section=5
You can read more on the rules of the game here. | And my favourite rule:
1.1. Ignorance of the following rules does not relieve the responsibility for their violation. | | Thank you. | | closed by SHadyReaper (2018-09-24 23:57:26) |
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