The Measures for the Administration of Individual Housing Loans have corresponding provisions:

Article 7 A borrower shall apply for a loan directly from the lender. The lender shall give the borrower a formal reply within three weeks from the date of receiving the loan application and the materials that meet the requirements.

After approval by the lender, the lender shall issue housing loans to the borrower in accordance with relevant regulations. The loan amount issued by the lender shall not exceed the value of the house to be purchased assessed by the real estate appraisal agency.

Extended data:

Relevant provisions of the Measures for the Administration of Individual Housing Loans: Article 33 The registration authority shall examine the application of the applicant. If the ownership is clear and the certification materials are complete, it shall decide whether to register within 7 days from the date of accepting the registration. If it is not registered, it shall notify the applicant in writing.

Article 34 If the real estate obtained according to law is mortgaged, the registration authority shall record his other rights in the original Certificate of Real Estate Ownership, and the mortgagor shall take over. And issue the house ownership certificate to the mortgagee.