Title：
Regulations Governing the Extension of Mortgage Loans by Financial Institutions
Inactive Regulations
(Restrictions on housing loans extended to natural persons)
4. Housing loans extended by a financial institution to natural persons shall be subject to the following provisions:
(1)High-value housing loans: The restrictions set forth in the Subparagraphs of the preceding Article shall apply.
(2)Home loans: The financial institution shall inquire the JCIC about the applicant’s current status of housing loan history to determine whether the applicant has any outstanding secured loan backed by a house (including the allotted land) as collateral and of which the purpose is classified as “1” (for real estate purchases) , and the new home loan shall be subject to the following restrictions:
a.For a natural person who already has one housing loan: Subparagraph 1 and Subparagraph 3 of the preceding Article shall apply to a home loan for purchasing a house located in a specific area, and in addition, the maximum loan amount may not exceed 70 percent of the appraised value or purchase price of the house (including the allotted land), whichever is lower.
b. For a natural person who already has two housing loans or more: Subparagraphs of the preceding Article shall apply.