What is the purpose of this amendment?

To solve the problem of banks refusing prepayment trusts for pet groomers and to strengthen consumer protection.

When will the new guarantee methods be available?

The article does not specify an exact implementation date.

What are the risks of mutual peer guarantees?

There is a potential risk of chain bankruptcy, but no detailed risk assessment is provided in the article.

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Dog and Cat Grooming Prepayment Trust Faces Hurdles; Taiwan's MOA Proposes Three New Guarantee Methods

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Taiwan's Ministry of Agriculture (MOA) announced a draft amendment to address the issue of banks refusing to handle prepayment trusts for dog and cat grooming services. The amendment adds three new履约 guarantee methods: financial institution guarantees, electronic payment institution custody, and mutual guarantees among peers.

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Frequently Asked Questions

Q: What is the purpose of this amendment?: A: To solve the problem of banks refusing prepayment trusts for pet groomers and to strengthen consumer protection.
Q: When will the new guarantee methods be available?: A: The article does not specify an exact implementation date.
Q: What are the risks of mutual peer guarantees?: A: There is a potential risk of chain bankruptcy, but no detailed risk assessment is provided in the article.