Reported 9 months ago
The Financial Department has announced four major control measures for the New Youth Housing Loan program to prevent improper use for speculation or subletting, with full responsibility placed on the eight major banks. The measures include repeated checks before the loan, strengthening post-loan management, penalties for violations, and limiting the loan to one per person. The department aims to clarify doubts and optimize the loan system. Questions have been raised regarding data cross-referencing and bank coordination, emphasizing the heavy responsibility on banks. Amid concerns about tax evasion related to the loan program, the government is urged to verify data sources and ensure compliance to policy objectives, warning that non-compliance will not go unnoticed in the face of market scrutiny.
Source: YAHOO