Regulatory Alerts2000-05-29
Added · Updated
Directions for Financial Institutions Applying for Allocation of Funds Under the 921 Earthquake Victim Home Reconstruction Emergency Loan Program
Financial institutions must comply with these Directions when applying for fund allocation for 921 Earthquake victim home reconstruction loans. The Central Bank of the Republic of China (Taiwan) disburses special relief funds to 105 designated institutions, while other entities receive only interest relief, subsidies, and loan processing fees. Applications for monthly disbursements of fees, interest differentials, and advance interest payments must be submitted by the tenth day of each month, with funds remitted by the twentieth. The Bank recovers overdisbursements, funds related to non-compliant or multiple loan applications, and advance interest payments upon premature loan repayment.
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