Contracts in Cambodia-Loan contract

daeum_tnaot · Post by **daeum_tnaot** » Sun Apr 22, 2018 8:57 pm

Hi everyone,

I wonder if you could fill me in on your knowledge re contracts in Cambodia. I want to make a contract for providing a loan to someone. I know that in order for the contract to be official, it needs to be in Khmer, it needs to say Nation, Religion, King on top. I seem to remember it need to be witnessed by someone and signed or thumbprinted by both parties.

Anything else I should be aware of? Again the purpose of this contract is to record that a loan is being made to someone and that they agree to pay it back on such and such a date, etc.

Thanks for your input!

bolueeleh · Post by **bolueeleh** » Sun Apr 22, 2018 9:05 pm

doesnt matter what ur header is lol, most important thing to remember, as this is a personal loan n u do not hv a license to give loan, ur only recourse is to sue the other party in a civil suit, thus ur contract has to be endorsed by either sangkat, commune or nearest police, hope this help

John Bingham · Post by **John Bingham** » Sun Apr 22, 2018 11:36 pm

armchairlawyer · Post by **armchairlawyer** » Fri Apr 27, 2018 5:38 pm

The loan interest must not exceed 18% per annum.

Heng Heng Heng · Post by **Heng Heng Heng** » Fri Apr 27, 2018 5:49 pm

I have often been asked to thumbprint a document and then sign on top of the thumbprint thus rendering both forms of ID useless. I just shake my head and comply.

bolueeleh · Post by **bolueeleh** » Fri Apr 27, 2018 5:56 pm

armchairlawyer wrote: ↑Fri Apr 27, 2018 5:38 pm The loan interest must not exceed 18% per annum.

not applicable, unless you are a licensed moneylender

bolueeleh · Post by **bolueeleh** » Fri Apr 27, 2018 5:58 pm

Heng Heng Heng wrote: ↑Fri Apr 27, 2018 5:49 pm I have often been asked to thumbprint a document and then sign on top of the thumbprint thus rendering both forms of ID useless. I just shake my head and comply.

usually u sign and stamp below the thumbprint, the guy must hv depth perception issues

Heng Heng Heng · Post by **Heng Heng Heng** » Fri Apr 27, 2018 6:09 pm

bolueeleh wrote: ↑Fri Apr 27, 2018 5:58 pm
Heng Heng Heng wrote: ↑Fri Apr 27, 2018 5:49 pm I have often been asked to thumbprint a document and then sign on top of the thumbprint thus rendering both forms of ID useless. I just shake my head and comply.
usually u sign and stamp below the thumbprint, the guy must hv depth perception issues

No, unbelievably, I was directed to sign on the thumbprint.

that genius · Post by **that genius** » Fri Apr 27, 2018 6:19 pm

Ah, but that happens when you loan stuff from 'special' institutions.

Did Jack Nicholson witness it?

Heng Heng Heng · Post by **Heng Heng Heng** » Fri Apr 27, 2018 7:11 pm

It was a rental agreement, so yeah sure Jack was there.

Contracts in Cambodia-Loan contract

Contracts in Cambodia-Loan contract

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