Reported 8 months ago
The Ministry of Finance recently announced three major enhancements to the 'New Safe Home for Young People Housing Loan' program, requiring public banks to follow guidelines to prevent real estate speculation and fraudulent loan applications. Six indicators will be used to determine if a loan applicant is a 'dummy buyer,' affecting future loan management. In response to cases of fraudulent activities, a comprehensive review meeting will be held by the Executive Yuan. Banks are instructed to strengthen pre-loan inspections, focusing on indicators such as the source of funds and property transactions to verify applicants' credibility. Specific suspicious patterns involving collateral, guarantors, and applicants are also being scrutinized.
Source: YAHOO