Published: Monday September 10, 2012 MYT 5:08:00 PM
PTPTN blacklists borrowers served with letters of demand
TEMERLOH: The National Higher Education Fund Corporation (PTPTN) will blacklist only loan borrowers who are summoned by the court and served with a Letter of Demand (LOD).
PTPTN chairman Datuk Ismail Mohamad Said said Monday that under Section 22A of the PTPTN Act 1987 or Act 556, blacklisted defaulters could be banned from leaving the country.
He said PTPTN loan borrowers would only be blacklisted if they continued to ignore repeated warnings.
Ismail, who is also Member of Parliament for Kuala Krau, said that from August 2008 until July 2012, PTPTN had blacklisted and prohibited 132,801 defaulters from leaving the country by cooperating with the Immigration Department.
However, 28,319 of the borrowers had paid back their loans amounting to RM194.60mil, he told reporters at a Hari Raya open house which he hosted jointly with Kerdau assemblyman Syed Ibrahim Syed Ahmad in Padang Kampung Pulau Pasir Mandi here Monday.
He said, that up to July 31, a total of 104,983 court summons had been issued against errant borrowers, who had outstanding loans totaling RM1.67bil. - Bernama