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