〈Definitions〉
2.The terms used in the Regulations shall have the following meanings:
(1)"Financial institutions" shall include domestic banks, branches of foreign banks in
Taiwan, credit cooperatives, Agricultural Bank of Taiwan, credit departments of
farmers’associations, credit departments of fishermen's associations, Chunghwa
Post Co., Ltd., and insurance companies.
(2) "Housing loan" shall mean a mortgage extended by a financial institution to a
borrower for purchasing a non-high-priced house (land included) where the title
deed of the house contains the wording "residential."
(3) "High-priced housing loan” shall mean a mortgage extended by a financial
institution to a borrower for purchasing any of the following types of house (land
included) where the title deed of the house contains the wording “residential”:
a. The house is located in Taipei City with an appraised value or purchase price of
NT$70 million or more;
b. The house is located in New Taipei City with an appraised value or purchase price
of NT$60 million or more; or
c. The house is located in an area within Taiwan other than Taipei City and New
Taipei City with an appraised value or purchase price of NT$40 million or more.
(4) "Specific areas" shall include the following administrative districts:
a. All districts in Taipei City;
b. Fifteen districts in New Taipei City covering Banciao District, Sanchong
District, Jhonghe District, Yonghe District, Sinjhuang District, Xindian District,
Tucheng District, Lujhou District, Shulin District, Sijhih District, Sansia
District, Linkou District, Danshuei District, Wugu District, and Taishan District.
(5)"Home mortgage loan” shall mean housing loan and high-priced housing loan.
(6)"Land loan" shall mean a loan extended by a financial institution to a borrower and
secured by land in a residential district or a commercial district designated under
urban planning.
(7)"Borrower" shall mean an individual and a corporate body.