New Regulations on Regional Housing Provident Funds

A few days ago, the Autonomous Region Department of Housing and Urban-Rural Development, the Autonomous Region Finance Department, and the Urumqi Central Branch of the People's Bank of China jointly issued the "Regulations on the Issuance of the Autonomous Region Housing Provident Fund" "Notice on Four Business Standards including Collection Business Standards", the Tacheng Area Housing Provident Fund Management Center has adjusted the "Tacheng Area Housing Provident Fund Collection, Withdrawal, Loan, and Fund Management Business Standards and Operations Rules".

What are the changes in the newly revised business specifications?

What impact does it have on life?

Loans are more standardized. The new regional housing provident fund regulations stipulate that borrowers can apply for housing provident fund personal loans within one year of purchasing, constructing, renovating, and overhauling ordinary self-owned houses; in terms of provident fund loan business, the loan application time has been revised. You can apply for adjustment from purchasing a house within five years to within one year of purchasing a house now.

At the same time, the withdrawal business of provident funds has also been standardized. Previously, provident funds could be withdrawn at the place of deposit or when renting a house. Now, in accordance with the relevant regulations of the autonomous region, it is restricted and can only be withdrawn at the place of payment. Deposit land for rental withdrawal.

“The new regional housing provident fund regulations that are about to be implemented are adjustments made in accordance with the relevant business regulations of the country and autonomous regions. They focus more on the legality and standardization of the provident fund. They will also impose restrictions on our depositing employees when handling business. It brings flexibility and convenience.

If the employee dies and the account balance (excluding interest) is less than 50,000 yuan, the heir or legatee shall make a written commitment. Withdrawal does not require notarization; this revision increases the amount of notarization required for heirs or legatees to withdraw housing provident funds from 2,000 yuan to 50,000 yuan, solving the problem of "small notarization of the withdrawal amount" faced by heirs or legatees in the death withdrawal business. It reduces the cost of withdrawal and makes things easier for the masses.

The repayment method has been increased. An equal amount of principal has been added to the repayment method. The original policy repayment method only has an equal amount of principal and interest. One method is now adjusted to two loan repayment methods: equal principal and interest or equal principal.

“This adjustment can be said to provide higher protection for the legitimate rights and interests of our deposit-paying employees. Deposits are more flexible. " said Sha Tong, a citizen of Tacheng City.

"The introduction and implementation of the new housing provident fund policy will enable more paying employees to use the housing provident fund under the promotion of the new policy to meet their housing security needs and more We should give full play to the role of housing provident funds in benefiting the people and enhance the experience, sense of gain and satisfaction of depositing employees. ”