Legal Issues in Electronic Loan Agreements: A Case Study of Student Loan Funds

Authors

  • Montian Saengtim College of Digital Innovation Technology, Rangsit University
  • Chutima Beokhaimook College of Digital Innovation Technology, Rangsit University

Keywords:

Student Loan Fund, Electronic Contract, Electronic Data, Electronic Transaction

Abstract

              The study focuses on analyzing the electronic contracting process of the Student Loan Fund, by investigating the various legal issues related to electronic loans and providing solutions to mitigate them for the Student Loan Fund Office in the future.     This qualitative research was conducted by studying related research papers, journals, theses, and related laws and acts as well as interviewing experts in electronic transactions law, along with executives of the Student Loan Fund Office of the Information Technology Department, Legal Department, Litigation and Enforcement Department, and the judge of the Appeals Court.

              It was found that the binding and enforcement of electronic loan agreement to borrowers was not a problem. On the other hand, the listening to and weighing of evidence in electronic form, the electronic signatures of borrowers, guardians, surety, and electronic identification and authentication, were still problems in the electronic contracting process under the electronic loan agreement of the Student Loan Fund. Therefore, the preparation that should be made involved auditing and management control of the information technology system as well as the compliance of the system with information technology standards. In addition, the preparation for personnel to have knowledge and expertise, especially in the field of electronic transaction law to support future operations was essential.

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References

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Published

2021-06-21

How to Cite

Saengtim ม., & Beokhaimook ช. . (2021). Legal Issues in Electronic Loan Agreements: A Case Study of Student Loan Funds. Research and Development Journal Suan Sunandha Rajabhat University, 13(1), 185–198. Retrieved from https://so05.tci-thaijo.org/index.php/irdssru/article/view/250448

Issue

Section

Research Articles