Viewpoint Real Estate New Media understands that a few days ago, Zhejiang Banking Insurance Regulatory Bureau issued the Notice on Further Regulating Personal Consumption Loans.
According to the person in charge, the notice focuses on requiring banking institutions to strengthen the control of the use of personal consumption loans to ensure that the use is consistent with the contract, and it is strictly forbidden for loan funds to flow into investment fields such as the stock market and the property market in violation of regulations, especially reiterating four forbidden areas: First, it is strictly forbidden to pay the down payment for house purchase or repay the down payment loan funds; Second, it is strictly forbidden to flow into the stock market, bond market, gold market, futures market and other trading markets; Third, it is strictly forbidden to buy asset management products such as bank wealth management and trust plans; Fourth, it is forbidden to be used in prohibited areas such as private lending and P2P peer-to-peer lending.
According to the problems existing in the current personal consumption loan business, the Notice also reiterated the compliance bottom line of related businesses: personal consumption loans without specific purposes shall not be issued; Personal consumption loans shall not be issued with real estate that has not been released from mortgage; No consumer loans shall be granted free of charge to customers who have the ability to repay without compensation; Core business such as credit review and risk control shall not be outsourced.
In addition, the Notice also puts forward special requirements for credit card business management, such as strict special installment control and transaction monitoring, standardized cooperation with intermediaries, and effective prevention of cashing; And put forward some regulations to protect consumers' rights and interests.