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

7.

7. For idle industrial land mortgage loans extended by financial institutions, the maximum loan amount may not exceed 40 percent of the appraised value of the land.

The loan amount in the preceding Paragraph may not be increased by reason of working funds or other purposes.

The provisions of the two preceding Paragraphs do not apply if an idle industrial land mortgage loan has any of the following conditions:

(1)The construction and/or development of the mortgaged land has begun.

(2)The borrower has submitted a substantive plan for construction and/or development for the mortgaged land and has undertaken that construction and/or development will begin within one year.