Taking Hefei as an example, according to Article 8 of the Measures for Custody Services of Stock House Trading Funds in Hefei, after the buyer and the seller reach a trading intention and sign an online contract for stock house trading, they shall handle the fund custody with the custodian bank according to the following procedures:
(1) applying for custody; The buyer and the seller choose a custody bank, which will verify the housing rights and related information in the online contract of stock house transaction and sign a custody agreement with * * * (hereinafter referred to as the custody agreement);
(2) transfer of funds. The buyer transfers the custody funds agreed in the custody agreement into the custody account (if it is necessary to apply for mortgage loan of the stock house, the loan bank will pre-qualify the loan; If the loan bank is inconsistent with the custodian bank, the custodian bank should know about the loan pre-trial);
(3) pay taxes. Handling tax payment and real estate registration procedures for stock house transactions;
(4) transfer of funds. After the registration of the real estate is completed and all the funds have been received, according to the Agreement on Fund Custody Service for Stocking Houses, the custodian bank will take the initiative to inform the buyer and the seller within two days, and transfer the custody funds in time (the stock house mortgage loan, the loan part will be transferred together through the custody account).
If the buyer and the seller are persons without or with limited capacity for civil conduct, their guardians shall handle it on their behalf. If the buyer or seller entrusts an agent to handle the matter, it shall sign the power of attorney on the spot, unless the power of attorney is notarized.
Other provisions on second-hand housing transactions.
Article 11 of the Measures of Hefei Municipality for Custody Services of Transaction Funds of Stocking Houses. During the period when the mortgage of real estate has been registered and the mortgage loan has not been transferred to the fund custody account, if it is really necessary for the buyer and the seller to withdraw the custody funds in advance due to special circumstances, it shall be handled after reaching an agreement with the custody bank.
Article 12 During the period when the custody account is detained, the custody funds shall bear interest according to the listed interest rate of the bank's demand deposits for the same period, and the interest and principal shall be transferred together.
Article 13 When the escrow account receives funds other than those agreed in the escrow agreement, it shall return them in accordance with the relevant provisions.
Refer to the above? Hefei Municipal Government —— Measures of Hefei Municipality for Custody Service of Transaction Funds of Stocking Houses