Legal basis: Notice on Issues Related to Standardizing Housing Provident Fund Individual Housing Loan Policy.
Article 1 Housing provident fund personal housing loans can only be used to pay for the purchase, construction, renovation and overhaul of ordinary self-occupied housing for employees and support basic housing needs. It is strictly forbidden to use housing provident fund and personal housing loans for speculative purchase.
Article 5 The Urban Housing Provident Fund Management Committee shall, according to the local house price, per capita housing construction area and the development of housing provident fund business, reasonably determine the maximum amount of housing provident fund personal housing loans based on the principle of supporting the loan demand of paid employees to buy ordinary self-occupied housing, and report it to the provincial housing and urban construction, finance, the People's Bank of China and banking supervision departments for the record. The maximum amount of individual housing loans for housing accumulation funds of municipalities directly under the Central Government and xx Corps shall be reported to the Ministry of Housing and Urban-Rural Development, the Ministry of Finance, the People's Bank of China and the China Banking Regulatory Commission for the record.
Article 6 Urban housing provident fund management centers and entrusted banks shall take effective measures to strengthen the investigation, examination, mortgage, issuance and recovery of individual housing loans of housing provident fund, effectively strengthen loan risk management and ensure the safety of funds. The housing provident fund management center shall, jointly with the relevant competent departments, promptly establish an information sharing mechanism to prevent fraudulent housing provident fund personal housing loans and other acts. At the same time, it is necessary to simplify the procedures and improve the service level.