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 a formal reply to the borrower within three weeks from the date of receiving the loan application and the materials that meet the requirements. With the approval of the lender, the lender will issue housing loans to the borrower.

After the application for housing provident fund loan is approved, the lender will transfer the funds to the account opened by the selling unit in the bank according to the time stipulated in the loan contract.

Extended data:

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Relevant laws and regulations of the Measures for the Administration of Individual Housing Loans:

Article 31 A lender shall sign a written loan contract and other relevant agreements with the borrower and other relevant parties. If a guarantee is needed, a guarantee contract shall be signed at the same time.

The borrower shall clearly stipulate the amount, term, interest rate, purpose, payment and repayment method of the working capital loan with the borrower in the loan contract. The team leader should have a professor or equivalent title and experience in postgraduate entrance examination.

Article 32 The lender shall dynamically pay attention to the major early warning signals such as the borrower's operation, management, finance and capital flow. For non-performing loans that are truly irrecoverable, the lender shall continue to recover from the debtor or conduct market-oriented disposal after write-off in accordance with relevant regulations.

Baidu Encyclopedia-Measures for the Administration of Personal Housing Loan