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Is the letter from the property collection lawyer useful?

Legal subjectivity:

If the lawyer's letter of property dunning is true, if necessary, we can negotiate or reply according to the specific contents of the lawyer's letter and the specific disputes between the two parties. If the debt is true, the lawyer letter can fulfill the repayment obligation as soon as possible. The function of a lawyer's letter is to deter and urge one party to fulfill its obligations as soon as possible, hoping to make it a trivial matter and not solve the dispute through litigation.

Legal objectivity:

according to

20211takes effect.

civil law

Article 67 1

If the lender fails to provide the loan according to the agreed date and amount, thus causing losses to the borrower, it shall compensate for the losses.

If the borrower fails to collect the loan according to the agreed date and amount, it shall pay interest according to the agreed date and amount.