Article 2 These Measures shall apply to the collection, use, supervision and management of pre-sale funds for commercial housing (including price-limited commercial housing) approved for pre-sale within the administrative area of this Municipality.
Article 3 The term "pre-sale funds for commercial housing" as mentioned in these Measures refers to all the house payment (including down payment, installment payment, lump-sum payment, bank mortgage loan, housing provident fund loan and other forms of house purchase) paid by the purchaser according to the stipulations of the commercial housing sales contract after the real estate development enterprise (hereinafter referred to as the development enterprise) legally sells the commercial housing construction project under development and construction.
Fourth city and county housing and urban and rural construction management department is the competent department of commercial housing pre-sale funds supervision (hereinafter referred to as the competent department), responsible for the organization and implementation of these measures.
Article 5 The term "supervision bank" as mentioned in these Measures refers to a commercial bank that can ensure the safety of fund supervision, has the financial management business ability and network technical conditions required for standardized operation, and has signed the Cooperation Agreement on the Supervision of Commercial Housing Pre-sale Funds (hereinafter referred to as the Cooperation Agreement) with the competent authorities, accepted its entrustment, and cooperated with the supervision of commercial housing pre-sale funds.