Title：
Regulations Governing the Extension of Mortgage Loans by Financial Institutions
Inactive Regulations
(Restrictions on housing loans extended to corporations)
3. Housing loans extended by a financial institution to a corporation shall be subject to the following restrictions:
(1) No grace period.
(2) The maximum loan amount may not exceed 40 percent of the appraised value or purchase price of the house (including the allotted land), whichever is lower.
(3) The loan amount in the preceding Subparagraph may not be increased by reason of home renovation, working funds, or other purposes.