Yes, this situation belongs to the off-site provident fund loan. The Ministry of Housing and Urban-Rural Development clearly stipulates that off-site provident fund loans shall be handled according to the following procedures:
1. Loan City Provident Fund Center accepts the consultation of employees' loan business in different places, and informs them of the materials needed for loan review at one time;
2 employees themselves or their clients apply to the municipal provident fund deposit center, and the municipal provident fund deposit center verifies the loans paid by employees according to their applications. For the paid employees who have not used the housing provident fund personal housing loan or whose first housing provident fund personal housing loan has been settled, a certificate of deposit and use of the housing provident fund for employees with loans from different places shall be issued;
3. After accepting the employee's application for off-site loan, the loan city provident fund center shall verify the authenticity and completeness of the information in the Certificate of Deposit and Use of Housing Provident Fund for Employees with Off-site Loan to the deposit city provident fund center. If the verification is correct, the loan approval procedures shall be fulfilled within the prescribed time limit, and the results shall be fed back to the Municipal Provident Fund Center. Deposited to the city provident fund center to identify employees' loans in different places, and establish a detailed account of employees' loans in different places;
4. During the loan repayment period, if the individual account of the housing provident fund is transferred, the original deposit city provident fund center shall promptly inform the loan city provident fund center and transfer it to the city provident fund center. Transferred to the city provident fund center should be re-identified and recorded in a timely manner after receiving the employee housing provident fund account;
In loans overdue, the deposit city provident fund center should cooperate with the loan city provident fund center to carry out loan collection and other work. According to the loan contract, the balance in the loan employee's provident fund account can be used to deduct the repayment.
Legal basis:
According to the Regulations on the Management of Housing Provident Fund, when employees who pay housing provident fund purchase, build, renovate or overhaul their own houses, they can withdraw the storage balance in their housing provident fund accounts and apply for housing provident fund loans from the housing provident fund management center.
According to the Interpretation of Several Issues Concerning the Application of Law in the Trial of Disputes over Commercial Housing Sales Contracts, double indemnity is not applicable to commercial housing sales contracts, but in any of the following circumstances, the buyer may request to terminate the contract, return the paid house purchase price and interest, and compensate for the losses, and may also request the seller to undertake the compensation liability not exceeding twice the paid house purchase price.