The Legal Ownership Of The Mortgage Interest Subsidy

Original Language Title: Laki omistusasuntolainojen korkotuesta

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now

Read the untranslated law here: http://www.finlex.fi/fi/laki/ajantasa/1993/19931204

In accordance with the decision of Parliament provides for the scope of application of article 1 of the State resources can be: pay the interest rate subsidy, a deposit in the Bank, credit institution, insurance company, or to the granting of the (lainanmyöntäjän) property in this law shall be appointed by the home loans, the interest subsidy loans.
This law does not apply to the ownership of the homes, which are eligible for a loan or interest rate to support the rural industries finance law (329/1999) or reindeer husbandry and the structure of the law on nature-based occupations (986/2011) or other resources of the Fund for the development of the economy on the basis of the laws of the farm. (August 26, 2011/990)
L:lla 990/2011 modified 2 shall enter into force at the time of the Council of State decreed. The previous wording: this law does not apply to the ownership of the homes, which are eligible for a loan or interest rate to support the rural industries finance law (329/1999) or reindeer husbandry and the financial law of nature-based occupations (45/2000), on the basis of the laws of the development of the economy or the rest of the farm of the Fund's assets. (21 January 2000/51)
Under this Act shall not be paid an interest rate subsidy, if the borrower shall be paid for the same purpose under the law, or if the interest rate subsidy, the rest of him is the same purpose granted a loan the State Housing Fund, or other State resources. The interest rate subsidy, however, can be paid if the loan is paid back.

section 2 of the interest rate subsidy on loans loans can be approved in the approval delegation Holding the interest subsidy loans within the limits of the mandate set out in the approval of the State budget.
The Council of State may establish loans approval authority to regional and other criteria. The Ministry of the environment within the limits of the kuntakohtaisia may be authorised by the appropriate approval authority, on a proposal from the housing finance and Development Centre. Shall elect the items for which the approval authority, the General conditions are fulfilled, may be used. (19 December 2008/1061)
In accordance with this law, the interest rate subsidy shall be directed to the different regions and in different municipalities in the apartment, as needed.

section 3 of the loans the interest subsidy on loan can be accepted to a private individual ownership of the mortgage, which is granted for: 1) to the home of new construction (omakotikorkotukilaina);
the acquisition of a private house) (detached house with the acquisition of the interest in the form of a loan);
3. the acquisition of shares under construction) on residential management or vastavalmistuneesta, the housing finance and Development Centre lainoituskelpoiseksi asunto-osakeyhtiö, approved by the House (housing the interest rate of a loan); (19 December 2008/1061) to manage the purchase of shares on residential 4) from the existing housing stock, the company House (housing-acquisition of shares in the interest rate of a loan); or 5) home Reno there (home perusparannuksen interest in the form of a loan).
The acquisition of a building or on residential is read from the uudisrakentamiseksi, if it's been more than a year or for a specific reason, two years after the construction of the building has been approved by the supervisory authority.
Perusparantamisella refers to measures aimed at: 1) homeowners, residential building or in their garden or the rest of the immediate environment of equipment or change the quality level is raised to the level of the other than it was a year of the initial measures or returned to the uudenveroiseen or to the original; or 2) or extension of the existing facilities in the main living quarters or other related purposes.

section 4 of the General conditions for the approval of the Ownership of the interest subsidy on loan home loan interest subsidy on loan approval is based on the need for social and economic expediency, which assesses the applicant ruokakunnan the need for income, wealth and housing. The adoption of section 3, subsection 1 (1) and (5) the interest subsidy loans in accordance with loans preference shall be given to those in need of it, and the kiireellisimmässä housing for the lowest income, the applicant ruokakunnat. The order of priority can be in an individual case, the particular circumstances of the applicant, if it is justified by the ruokakunnan and the place, taking into account the situation of the housing. The State Council regulation can be adjusted more precisely the criteria for approval of the interest rate subsidy on loan. (on 18 August 2006/718)
Appropriate housing must be supported by the asuttavuudeltaan and asuinympäristöltään as well as uudisrakentamis, operating in the contracting or perusparannuskustannuksiltaan and maintenance and the housing affordable. (19 December 2008/1061)
Ownership of a mortgage loan can be accepted in a private house or apartment-acquisition of shares in the interest subsidy on loan only provided that the construction of housing in the area is not justified, taking into account the long-term housing needs, and that buying a home is cheaper than the equivalent new home construction.

the amount of the loan, the interest rate on the support for section 5 of the Omakotikorkotukilainan and the interest rate on the amount of housing loan is not more than 80% of the construction cost of the item and approved, as well as a plot of kuntoonpanosta shall be borne by the reasonable cost of utilities.
Home purchase loan and mortgage-acquisition of shares in the amount of the loan is approved for a maximum of 80% of the item's purchase price.
The interest rate on the amount of the loan is a private house perusparannuksen up to a maximum of 80% of the approved cost of the perusparantamisen.
The Government can fix the interest rate of loan enimmäiseuromäärän the asuinneliömetriä detached houses or residential apartments and housing and plots of the maximum cost for the region and acceptable prices. Article 6 (27.7.2001/700) the terms of the loan, the interest rate subsidy of the State Council may decide on the loan vähimmäislaina-time and the general terms and conditions. Lainanmyöntäjän interest rate support shall not be more than the interest charged by the loan interest rate, which at any given time to apply the same general purposes lainanmyöntäjä.

the interest rate on an interest rate subsidy, paragraph 7, of the aid shall be paid not later than 15 maturity year. More detailed provisions on the amount of the interest payment of the aid and of the time and give the Council of State.
State Treasury to pay for the interest subsidy lainanmyöntäjälle or lainanmyöntäjän authorised by the community.

the adoption of section 8 of the interest rate on the support for the ownership of the mortgage loan Supported by the authority of the location of the item determines whether the borrower the conditions referred to in section 4 of the interest subsidy on loan and decide on the approval of the loan.
In addition to what is provided for in the above, omakotikorkotukilainan and home perusparannuksen loan approval is subject to the condition that the municipality has adopted a private house building-or perusparannussuunnitelmat and costs.

the payment of the interest rate subsidy in certain situations, section 9 If the shares or on residential management, justify the House or move to a new owner, other than the right to marriage or inheritance law, the payment of the interest rate subsidy shall cease from the date of delivery of the dwelling.
If the borrower uses the loan to finance the purchase of your home, notwithstanding the provisions of paragraph 1 shall be the interest rate subsidy still costs.

section 10 of the cessation of the interest rate subsidy in the form of a loan to be paid back in full if the interest rate the interest rate on the loan, the payment of the aid shall cease unless otherwise specified.

Article 11 of the abolition of the interest rate subsidy if the borrower has used interest rate loans for any purpose other than the purpose under this Act or who is in the adoption of the interest rate subsidy on loan to find given the essentially incorrect information or concealed the adoption of substantially affecting the loan, the interest rate on the payment of the aid by the State of the branch may close. The borrower may be required to carry out the State no more than the interest rate you pay on the loan as a support.

Article 12 of the Control of the municipality and the State Treasury shall ensure that the use of the funds and the interest rate of the loan are in accordance with the law of support.
Lainanmyöntäjä and the winners are required to provide to the municipality and the Treasury data, which are necessary in order to establish that the interest rate of a loan is used for the approved purpose, as well as the provisions adopted pursuant to this Act and in accordance with the provisions of the terms of the loan and in addition and complied with.

the notification of the decision article 13 of Decision can be sent to the notification by post. In this case, the Tiedoksisaannin shall be deemed to have taken place, in the absence of proof to the contrary, on the seventh day of the decision to the person concerned by e-mail address is given in the post. Otherwise, shall comply with the notification of the administrative act, what (232/66).

section 14 (7.8.2015/1051) of the appeal, the applicant may be required and the decision of the Management Board of adjustment as the State Treasury Act (434/2003). The municipal government or the holder of the decision of the authorities of the Board of adjustment is required, however, to the Government or the relevant Board.
The adjustment to the requirement of the decision may be appealed by appealing to the Administrative Court as administrative act (586/1996). The adjustment to the requirement for a decision in the case referred to in article 8 of this law, the case does not, however, be appealed.
The administrative court decision may be appealed to the administrative law.
Article 14 of Regulation (EC) No 1591/2015 L:lla amended shall enter into force on the 1.1.2016. The previous wording is: section 14 (5 March 1999/272) on appeal by an applicant who is dissatisfied with the decision or of the State Treasury in the case referred to in the Act or in provisions adopted pursuant thereto, may be completed within 14 days of the date of notification of the decision, an adjustment. Adjustments must be made to the issuing authority and the municipal government or the decision of the Board of Directors of the authority, the holder or the Board. The decision, which shall apply for the adjustment, the adjustment shall be attached to the claim. Your appeal must be dealt with as soon as possible.

The requirement on the adjustment of the decision in accordance with article 8 shall not apply for appealing to the change. The rest of the adjustment requirement, the decision may be appealed to the administrative law (586/1996).

Article 15 of the detailed rules for the implementation of this law shall be adopted, where necessary, more detailed provisions in the regulation.

Article 16 entry into force this law shall enter into force on 1 January 1995.
Before the entry into force of this law may be to take the measures needed to implement it.
THEY 209/93, YmVM 14/93 acts entry into force and application in time: in the context of the/207: this law shall enter into force on 1 April 1996.
This is in accordance with the laws of the House of the lainoituskelpoisena company is also considered as the House, which has been approved by the State Housing Fund, aravalainoituskelpoiseksi arava (1189/93) in accordance with article 8, prior to the entry into force of this law.
Before the entry into force of this law may be to take the measures needed to implement it.
THEY YmVM 1/8/96, 96/97, 5 EV, PeVM 27/96 of 5 March 1999/272: this law shall enter into force on 1 April 1999.
Before the entry into force of this law, upon the entry into force of the Protocol annexed to the decision is subject to the provisions of law in force.
THEY YmVM 237/1998, 7/1998, EV 251/1998 of 12 March 1999/339: this law shall enter into force at the time of the decreed.
THEY'RE 60/15/1998, 1998, MmVM EV 252/1998, 21 January 2000/51: this law shall enter into force at the time of the decreed. (Act 51/2000 came in accordance with the entry into force of A 131/2001 21.2.2001.)
THEY'RE 104/1999, 16/1999, MmVM EV 128/1999 27.7.2001/700: this law shall enter into force on 1 January 2002.
Before the entry into force of this law may be to take the necessary steps in the implementation of the law.
THEY YmVM 4/96/2000, 2001/56/2001 on 18 August 2006, EV 718: this law shall enter into force on 1 September 2006.
Before the entry into force of this law may be to take the measures needed to implement this law.
THEY YmVM 47/2006 4/2006 19 December 2008/65/2006, EV 1061: this law shall enter into force on 1 January 2009.
Before the entry into force of this law may be to take the measures needed to implement the law.
THEY YmVM 143/2008, 10/2008, 26 Aug 2008/136/EV 990: this law shall enter into force at the time of the Council of State decreed.
THEY 247/2010, MmVM 34/2010, EV 353/2010 7.8.2015/1051: this law shall enter into force on the 1 January 2016.
On appeal before the entry into force of this law shall apply to the Management Board on the date of entry into force of this law, the provisions in force.
THEY'RE 230/26/2014 2014, LaVM, EV 319/2014