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Can parents use their children's provident fund loans for house decoration?
Hello, my answer to this question is as follows: no, unless the children share the same room. When decorating a house, only the owner or the owner's spouse can use the housing provident fund, but if the house is owned by parents, the children's housing provident fund cannot be used. In the Regulations on the Management of Housing Provident Fund, it is clear that employees can withdraw housing provident fund or loans during house overhaul, but parents themselves are not employees, so they cannot. According to the "Regulations on the Management of Housing Provident Fund", if an employee has one of the following circumstances, he can withdraw the storage balance in the employee's housing provident fund account:

(a) the purchase, construction, renovation and overhaul of owner-occupied housing;

(2) retirement;

(three) completely lose the ability to work, and terminate the labor relationship with the unit;

(4) Having left the country to settle down;

(5) Repaying the principal and interest of the house purchase loan;

(six) the rent exceeds the prescribed proportion of family wage income. According to the previous paragraph

(2),

(3),

Item (4) stipulates that if employee housing provident fund is withdrawn, the employee housing provident fund account shall be cancelled at the same time. If an employee dies or is declared dead, the employee's heirs and legatees may withdraw the storage balance in the employee's housing provident fund account; If there is no heir or legatee, the storage balance in the employee housing provident fund account shall be included in the value-added income of the housing provident fund. Twenty-fifth workers from the housing provident fund account balance, the unit shall verify, and issue a certificate of extraction. Workers apply to the housing provident fund management center for withdrawal of housing provident fund with the withdrawal certificate. The housing provident fund management center shall, within 3 days from the date of accepting the application, make a decision on whether to approve or disapprove the withdrawal, and notify the applicant; If the withdrawal is approved, the entrusted bank shall go through the payment procedures.