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What are the consequences of being included in the list of dishonesty by banks?
Being included in the list of dishonesty by banks has the following consequences:

1. If the person subjected to execution fails to fulfill the payment obligations specified in the effective legal documents within the time limit specified in the enforcement notice, his high consumption and related consumption not necessary for life and career shall be restricted;

2. When the people's court decides to take measures to restrict consumption, it shall consider whether the person subjected to execution has performed negatively, evaded execution or resisted execution, and the ability of the person subjected to execution to perform.

3. If the person subjected to execution is a natural person, he shall not have the following high-consumption and non-life and work-related consumption behaviors.

During the period of consumption restriction, if the person subjected to execution provides effective guarantee or applies for the consent of the executor, the people's court may lift the consumption restriction order; If the person subjected to execution has fulfilled the obligations specified in the effective legal documents, the people's court shall, within the scope of notice or announcement, promptly lift the consumption restriction order through notice or announcement.

legal ground

Provisions of the Supreme People's Court Municipality on Restricting the High Consumption of the Executed Person

Article 3 If the person subjected to execution is a natural person, he shall not engage in the following high-consumption and unnecessary consumption behaviors after taking measures to restrict consumption:

(a) when taking the means of transportation, choose the second class or above of the plane, train soft sleeper and ship;

(two) high consumption in hotels, hotels, nightclubs, golf courses and other places above the star level;

(three) the purchase of real estate or new construction, expansion, high-grade decoration of housing;

(four) leasing high-grade office buildings, hotels, apartments and other places to work;

(5) Purchasing non-essential vehicles;

(6) tourism and vacation;

(seven) children attending private schools with high fees;

(8) Paying high premiums to purchase insurance wealth management products;

(9) Non-essential consumption behaviors such as taking all seats of G-prefix EMU trains and first-class and above seats of other EMU trains.

If the person subjected to execution is a unit, the person subjected to execution, its legal representative, principal responsible person, person directly responsible for debt performance and actual controller shall not carry out the acts specified in the preceding paragraph after taking measures to restrict consumption. Anyone who uses personal property for private consumption to commit the acts mentioned in the preceding paragraph may apply to the enforcement court for enforcement. If the examination by the enforcement court is true, it shall be allowed.