(Scope and methods of disbursement of relevant funds)
2.Where financial institutions apply for allocation of relevant funds, the funds
shall be disbursed by the two methods and within the scope set forth below:
(1) Disbursement of special relief funds: The Central Bank of the Republic of
China (Taiwan)(hereinafter referred to as the " Bank") will disburse special
relief funds in cases where financial institutions among the total 105
institutions announced by the Bank, including 44 banks, 14 credit cooperatives
and 47 farmers associations, arrange home purchase, home reconstruction or
home repair loans for earthquake victim households when a balance remains
pursuant to the Allocation and Operations Directions for Emergency Home
Reconstruction Funds for Victims of the 921 Earthquake and Articles 53 and 54
of the Temporary Statute for 921 Earthquake Post-Disaster Reconstruction.
(2) Non-disbursement of special relief funds: Under the following circumstances,
the Bank will not disburse special relief funds; disbursements will be
limited only to interest relief, interest subsidies, and loan processing
fees:
i Where a financial institution, under the provisions of Article 53 of the
Temporary Statute for 921 Earthquake Post-Disaster Reconstruction, assumes
the balance of a home purchase loan for a disaster victim whose home was
damaged in the earthquake and applies for interest subsidization; and
where an earthquake victim, under Article 54 of the same statute, applies
for interest rate subsidies to continue payments of the principal and
interest of their original home loan.
ii Where a financial institution other than the 105 financial institutions
referred to in paragraph 1 above (such other institutions including
Taiwan branches of foreign banks, investment trust companies, and life
insurance companies [including the Postal Remittances & Savings Banks'
Department of Basic Life Insurance]) applies for disbursement of loan
processing fees or interest subsidies or relief when utilizing its own
funds to issue home purchase, home reconstruction, or home repair loans
for earthquake victim households when a balance remains pursuant to the
Allocation and Operations Directions for Emergency Home Reconstruction
Funds for Victims of the 921 Earthquake and Articles 53 and 54 of the
Temporary Statute for 921 Earthquake Post-Disaster Reconstruction.
