The purpose of housing fund supervision is to safeguard the rights and interests of buyers and sellers. Fund supervision shall be transferred from the special account for fund supervision opened by the real estate administrative department in conjunction with banks and institutions with guarantee qualifications. When the property buyer transfers the ownership within the specified time limit, the funds will be transferred to the original owner's account, otherwise it will be transferred to the property buyer's account. Therefore, fund supervision requires buyers and sellers to open accounts in the supervision bank, so as to ensure the safety of trading funds of buyers and sellers and safeguard the rights and interests of buyers and sellers.

Taking Tianjin as an example, according to Article 9 of the Measures for the Supervision of Trading Funds of Stocking Houses in Tianjin, if the buyer pays the house price by means of bank loan, it shall adopt the method of full fund supervision, and the bank loan shall be deposited in the down payment bank, and the down payment and loan shall be transferred to the supervision account by the down payment bank.

Article 16 If a buyer needs to apply for a bank loan, he shall entrust the loan bank to transfer the loan funds into a special account for supervision, and the bank shall issue a receipt to the buyer.

Extended data:

Article 10 of the Measures for the Supervision of Trading Funds of Stocking Houses in Tianjin stipulates that if the buyer does not need a loan to pay the house price, and both parties to the transaction choose to accept the fund supervision service, in addition to the partial fund supervision method for the seller to repay the original bank loan and cancel the mortgage registration, the full fund supervision method shall be adopted. If part of the funds are supervised, both parties to the transaction shall sign a confirmation letter that part of the funds are included in the fund supervision service, and the amount of supervision funds is the house payment after deducting the repayment of the original bank loan.

Article 13 Where funds supervision is implemented, the seller of the stock house shall open a bank settlement account in a commercial bank that cooperates with the supervision of the transaction funds of the stock house to collect the house payment. If the seller entrusts an agent to collect the house payment, it shall sign a power of attorney with the agent * * * at the online signing site of the stock house sales agreement, unless the power of attorney is notarized.

Tianjin Municipal Government-Measures of Tianjin Municipality on Supervision of Trading Funds of Stocking Houses

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