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Changchun Pre-Sale Funding Measures On The Supervision And

Original Language Title: 长春市商品房预售资金监督管理办法

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Regulatory approach to the provision of funds for the sale of long-lasting commodities premises

(Summit No. 55th ordinary meeting of the Government of the People of the City of May 15 November 2012 to consider the adoption of Decree No. 41 of 15 November 2012 by the Government of the People's Republic of China, which came into force on 1 January 2013)

Article I, in order to strengthen the financial management of commodity premises, preserve the legitimate rights and interests of the parties to the trade in pre-disposed commodities and develop the business management regulations in accordance with the Regulations on the Development of Urban Property in the City of Minster, in conjunction with the current city.

Article 2 builds projects on national land in the city planning area that have resulted in the granting, use and supervision of commodity reserves for the sale of funds.

Article III of this approach refers to the provision of advance-old funds for commodity premises, which is referred to by the real estate development enterprise (hereinafter referred to as the development of the enterprise) to sell to the buyer and purchase the money paid by the buyer.

Article IV governs the supervision of the provision of funds for the sale of goods in the city.

The Industrial Property Development Authority (hereinafter referred to as the governing body) is responsible for the day-to-day management of funds for the sale of commodities.

Article 5 Supervision of funds for the sale of commodity premises, in line with the principle of exclusiveness, exclusiveness and exclusiveness, is governed by the full range of oversight management.

Article 6. The development of an enterprise prior to the application of the Proceeds for Commodities Housing shall determine the regulatory banks for the funds for which the commodity property is sold.

The development of a business should establish a dedicated account (hereinafter referred to as a regulatory account) in the Regulatory Bank, in accordance with the principle of a pre-sale licence application for the counterpart of an account, and enter into a tripartite regulatory agreement with the management authorities, the regulators.

Article 7. Before applying for a licence for the sale of commodity premises, the development of enterprises shall specify the following matters for the regulation of the sale of funds in advance sales programmes:

(i) Project construction costs;

(ii) Project utilization plans;

(iii) Selected regulatory banks and submit a tripartite regulatory agreement on the provision of funds for the sale of commodities reserves;

(iv) Regulatory account name, accounts;

(v) Other cases.

Article 8. The commune property authority shall be made available in conjunction with the regulatory accounts when presenting the licence for the sale of commodity premises.

Article 9. The development of an enterprise should make the regulatory account available in the place of marketing of commodity premises following the acquisition of the Proceeds for Commodities.

Article 10. When the buyer purchases the pre-disposed commodity premises, the purchase of the property should be made directly into the regulatory accounts. The development of an enterprise is based on the licensee's licensee's licensee's licensee's purchase tickets.

The development of an enterprise shall not direct the receipt of funds for the sale of commodity premises.

Article 11. The funds for the sale of commodity premises should be used for construction of the commodity housing project.

Article 12. The development of an enterprise shall apply for the use of funds for the sale of commodity premises in accordance with the progress of construction of the project on the commodities housing facility:

(i) To achieve progress in the construction of the following works, 30 per cent of the total amount of funds deposited for the sale of commodity premises can be used:

The following three levels (three-tiers) have been completed to complete basic and structural works;

More than 2, four levels (four-size-quarters) are in place to complete basic and first-tier structural works; no-land room works to complete basic and four-tier structural works.

(ii) To achieve one of the two sub-groups of the main structure, 50 per cent of the total amount of funds deposited in the commodity premises could be used;

(iii) To achieve the top of the main structure, it may be used to make up to 10 per cent of the total amount of funds deposited in the commodity premises;

(iv) A total of nine per cent of the total amount of funds deposited in the commodity premises could be used to meet the completion of the work quality;

(v) After the completion of the initial registration of the sale of commodity premises, the full interest in the funds of the remaining commodity reserves for the sale of funds and the provision for the sale of the commodity premises could be used.

Article 13 Development of enterprise applications for the use of funds for the sale of commodity premises shall submit to the management bodies the following proof:

(i) Applications for the sale of funds by commodity housing;

(ii) A manual on real estate development projects with nuclear tests;

(iii) The completion of the construction of the construction of the works performed by the institution of the institution.

The completion of the quality of the work on commodity housing and the initial registration should be submitted to the certificate.

Article 14. In order to meet the conditions, it was agreed to use the evidence that the Bank was allocated accordingly. The use is not approved and the reasons are written.

Article 15. The buyer has entered into a refund agreement with the development of the enterprise and has processed the related refunding procedures, and the development of an enterprise shall apply to the management body within two working days for the release of the portion of the refund.

The management structure shall be verified within three working days from the date of receipt of the request for the removal of the refund and shall notify the regulatory bank of the regulation of the portion of the refund.

Article 16 The development of enterprises should register in a timely manner the use of funds for the sale of commodities reserves into the Property Development Project Manual and keep them back to the management authorities.

Article 17, in violation of this approach, provides for the development of a firm's direct receipt of funds for the sale of commodity premises, which is being converted by the municipal real estate authority, which has been delayed and the suspension of the sale of the enterprise's commodities reserves for all development projects in the urban planning area, which is indicative of violations of the law and is recorded in the corporate credit file.

Article 18, in violation of this approach, provides that the development of an enterprise does not make provision for the use of pre-discussion funds for commodity premises, is subject to a period of time being transferred by the municipal real estate authorities and may be fined up to three million dollars for the proceeds of the conflict.

Article 19 regulates that, in violation of the provisions of this scheme or in violation of the regulatory agreement on the provision of funds for the sale of commodity premises, it is assumed the corresponding legal responsibility to pay funds for the sale of commodity premises.

Article 20 of the commune property authorities and their management staff abuse their functions in the management of funds pre-disposed for sale, infrastructural fraud, insecure and insecure of duty, and in accordance with the law, constitute a crime and hold criminal responsibility under the law.

Article 21, this approach is implemented effective 1 January 2013.