1 Of course it's illegal. The main purpose of capital supervision is to prevent developers from using the purchase money for other purposes and to prevent construction projects from deteriorating due to lack of funds.
2. According to relevant laws and regulations, the house payment collected by the developer must be deposited into the fund supervision account.
3. If the developer fails to deposit the purchase price into the fund supervision account, the housing construction department where the house involved is located may suspend the online signing and filing procedures for the project.