Strict Inspection of Dummy Accounts to Prevent Abuse of New Youth Housing Loans! Ministry of Finance Emphasizes 'Zero Tolerance': Investigate to the End

Reported 9 months ago

Starting from June 27, new borrowers of the New Youth Housing Loans in Taiwan are required to sign a declaration prohibiting dummy accounts and forbidding subleasing during the loan period. The Ministry of Finance declares a 'zero tolerance' attitude towards violators and vows to investigate thoroughly. Measures include scrutinizing loan management mechanisms, strengthening post-loan management, and cross-verifying rental income data to prevent abuse and ensure loans are used purposefully, with violators facing termination of interest subsidies and retrieval of unlawful benefits.

Source: YAHOO

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