Title：
Regulations Governing High-Priced Housing Loans Extended by Financial Institutions
Inactive Regulations
(Restrictions on High-priced housing loans)
3. High-priced housing loan extended by a financial institution to a borrower shall be subject to the following restrictions:
(1) No grace period is allowed;
(2) The maximum amount of the home mortgage loan shall not exceed 60 percent of the house’s appraised value (land included) or its purchase price, whichever is lower; and
(3) The loan amount mentioned in the preceding subparagraph shall not be increased for reasons of home renovation, working fund or other purposes.