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

The value of items to be pledged or properties to be mortgaged by a borrower shall accurately be determined by Banks based on current price, rate of depreciation and saleability.

Whenever necessary, the Central Bank of China, in order to control credit, may impose a maximum lending rate on loans secured by selected types of items for pledge or properties for mortgage.

In extending the loans referred to in the preceding two Articles, the procedure for repayment in instalments used in medium- or long-term loans shall be applicable. The Central Bank of China may, when necessary, regulate and control the terms and duration of repayment.