Reported 11 months ago
In response to the recent rise in property prices, public banks in Taiwan have been instructed by the Ministry of Finance to conduct a comprehensive investigation on mortgage holders suspected of being 'dummy account holders'. Two major types of suspicious cases have been identified, including cases where someone else makes the monthly mortgage payments or where high mortgage rights are established after purchasing a property. The Ministry of Finance has been provided with relevant data for further investigation. Finance industry experts anticipate more actions from the Ministry following these measures intended to prevent the abuse of the new housing policy aimed at young homebuyers.
Source: YAHOO