Reported 8 months ago
On June 19, 2024, the Ministry of Finance announced that new Quan'an loan recipients will be required to sign a declaration for self-occupancy, stipulating that any violations will result in the termination of interest subsidies, repayment of interest already subsidized at the time of violation, and reassessment of loan conditions. Measures to address issues like straw buyers and post-loan rentals were discussed, focusing on enhancing pre-loan reviews, post-loan management, and inspections. Additional efforts include scrutinizing property transcripts for ownership transfer restrictions and implementing mechanisms for property valuation checks and post-loan payment verifications.
Source: YAHOO