Laws and Regulations Database of the Central Bank of the Republic of China(Taiwan)

1.If an individual borrower who is not involved in investing or purchasing real estate or house
　construction renews a land loan after December 31, 2010 for personal expenses or financial
　management and the loan-to-value ratio exceeds 65 percent of the original appraised value, 
　such loan may be given an adjustment period up to one year (to become compliant with the 65 
　percent requirement) starting from the date of loan renewal. However, if the borrower is
　unable to repay the loan to meet the 65 percent requirement when the adjustment period 
　expires, the lender may negotiate with the borrower on the repayment of the excess portion in
　installment over a period of not longer than three years and shall include the agreement in 
　the renewal loan contract. 

2. For land loan cases other than those mentioned in the preceding  Article, that is renewed 
　 after December 31, 2010 and the loan-to-value ratio is higher than that stipulated in the 
　 Regulations, the loan-to-value ratio upon renewal may be granted an adjustment period up to 
　 one year, but can only be applied once. 

3. The provisions set out in the proviso in  Article 6 of the “Interpretations for the 
　 Regulations Governing the Extension of Housing Loans in Specific Areas and Land Loans by 
　 Financial Institutions” promulgated by the Central Bank of the Republic of China (Taiwan) 
　 by Decree Tai-Yang-Ye-Zi-100009326 dated January 20, 2011 and in Paragraph 2,  Article 2 of the “Interpretations of the terms and conditions that individuals’ land loans can be 
　 exempted from providing concrete construction plan in pursuant to ‘Regulations Governing 
　 the Extension of Housing Loans in Specific Areas and Land Loans by Financial 
　 Institutions’” promulgated by the Central Bank of the Republic of China (Taiwan) by Decree
　 Tai-Yang-Ye-Zi-100036373 dated August 2, 2011 shall cease to apply immediately.