"Regulations on the Management of Housing Provident Fund" Article 5 The housing provident fund shall be used for the purchase, construction, renovation and overhaul of owner-occupied housing by employees, and no unit or individual may use it for other purposes. Those who fail to pay back within the time limit are classified as serious acts of dishonesty, and the information of dishonesty shall be submitted to the relevant administrative departments in accordance with the law and regulations, and joint punishment shall be implemented.
Within three years from the date of discovery of violations, the application for withdrawal of housing provident fund will no longer be accepted, nor will the application for loan be accepted. Organs, institutions and employees of state-owned enterprises illegally withdraw housing provident fund if the circumstances are serious, they should inform their units.
Units assist individuals to withdraw their own housing provident fund in violation of regulations: in accordance with the relevant provisions, the units, legal representatives and managers will be recorded in the database of bad information of units and individuals and related credit information systems, and announced to the public. The illegal legal representatives and managers will no longer accept the business of opening accounts and depositing and withdrawing funds in the housing provident fund system, and if they are suspected of constituting a crime, they will be transferred to judicial organs for handling.
Extended data:
Article 3 of the Notice of the Ministry of Housing and Urban-Rural Development, the Ministry of Finance, the People's Bank of China and the Ministry of Public Security on Combating Illegal Withdrawal of Housing Provident Fund: In order to combat fraudulent withdrawal of housing provident fund and ensure the stable operation of the housing provident fund system, the law enforcement of individuals and intermediaries who illegally withdraw housing provident fund shall be further strengthened.
Workers take fraudulent means to withdraw housing provident fund, the city housing provident fund management center shall be ordered to refund the illegal amount within a time limit. If it is not returned within the time limit, it shall submit the information of dishonesty to the relevant administrative departments and implement joint punishment.
Organizations and individuals suspected of forging and using false certification materials should be handed over to the public security department for severe punishment according to law. Organs, institutions and state-owned enterprises deposit workers illegally withdraw housing provident fund if the circumstances are serious, inform their units.
References:
Xinhuanet-Tianjin launched the work of controlling illegal withdrawal of housing provident fund.
Baidu Encyclopedia-Regulations on the Management of Housing Provident Fund