Reported about 1 year ago
Recently, the New Qing'an housing loan has become a hot topic in the property market. Several senior executives of public sector banks pointed out that for effective post-management of New Qing'an loans, one method is to match tax data provided by the Ministry of Finance with bank data to identify subletting borrowers, and the other is to identify suspicious borrowers with repayment accounts not belonging to themselves or their families from the bank's system. Public bank executives emphasized the importance of reinforcing clauses in future standard undertakings to enhance investigations, as some existing borrowers may not be obligated to sign new undertakings unless instructed by the government. However, exceptions may apply to cases that have caused public concern, where banks may request such borrowers to sign updated undertakings if they continue to meet the loan criteria.
Source: YAHOO