The Law On Rate Support For The Rental Housing Construction Loans In 2009 And 2010 In Order To Promote Employment In The Construction Sector

Original Language Title: Laki korkotuesta vuokra-asuntojen rakentamislainoille vuosina 2009 ja 2010 rakennusalan työllisyyden edistämiseksi

Read the untranslated law here: https://www.global-regulation.com/law/finland/646911/laki-korkotuesta-vuokra-asuntojen-rakentamislainoille-vuosina-2009-ja-2010-rakennusalan-tyllisyyden-edistmiseksi.html

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In accordance with the decision of the Parliament, provides for: the scope of article 1 of this law the interest rate to be paid for the support, as well as the State of the funds of a credit institution of a State guarantee of the social insurance institution, insurance company, and loans to, the (lainanmyöntäjä) that is used for rental properties in new construction. Uudisrakentamisella for the purposes of this Act other than a residential building or a building with a significant portion of the change in the intended purpose of a rental residential use. According to this law the interest subsidy on loan interest subsidy loans approved loans are called.

the objectives of section 2 of the Interest payment of the aid is aimed at promoting employment in the construction sector in an exceptional economic climate and to increase the supply of rental housing in areas where there is a demand for rental housing.

section 3 of the interest rate subsidy on loans interest rate on the support for the delegation of approval of loans can be approved in the State budget for the years 2009 and 2010 within the limits of the mandate set out in the approval.
The Council of State may establish loans approval authority to regional and other criteria. The interest rate subsidy shall be directed to the different regions and in different municipalities in the housing according to need.

section 4 of the General conditions for the approval of the interest rate subsidy on loan interest subsidies, loan lainoitettavien housing must be adequate and effective asuttavuudeltaan asuinympäristöltään, as well as affordable. The construction is based on the competition procedure, subject to the housing finance and Development Centre, for a special reason, grant of the exemption.
The interest subsidy on loan can be approved only for the loan, for which the contract is awarded, subject to the housing finance and Development Centre, for a special reason, grant of the exemption.
The interest subsidy on loan and interest rate support to be paid will not be accepted for a loan, if the borrower's interest rate on the support for the same purpose or a loan on the basis of the laws of the State of the resources of the other.
The interest subsidy on loan approval is subject to the condition that the location of the item is in favour of the project.

section 5 of the loan interest subsidy on loan acceptable terms and conditions of the loan interest rate and loan terms, loan-related fees charged by the other lainanmyöntäjän costs must be reasonable in comparison to similar purposes in general terms and conditions of loans, interest and costs.
The interest subsidy on loan can only be accepted in euros of the loan.
The interest rate on loans will increase the construction work as complete as equivalent to the degree of completion of the building in batches or as a lot.
Loan repayment due dates shall not be more than two times a year. The interest rate on the loan is carried out during these intervals.
The provisions of the regulation of the Council of State may be given in the general terms and conditions of the loan interest for more detailed support.

section 6 of the order of magnitude of the interest rate subsidy the amount of the loan, the interest rate on the loan is not more than 90% of the item that are included in the rental properties and related housing costs, as well as serving on the premises of approved building immediately to the plot of the reasonable costs incurred by the utilities and the kuntoonpanosta.

section 7 of the interest rate subsidy from the borrower to pay the remainder perusomavastuu loan highlight is 3.40%. If the interest rate support for the loan granted at an annual interest rate exceeds the amount of the excess part of the interest shall be paid to the perusomavastuun, backed up by 75% to a maximum of 10 years, the first instalment of the loan or its interest rate support.
State Treasury to pay for the subsidy or to his authorised lainanmyöntäjälle to the community.
The amount of the subsidy and the payment of the time can be adjusted more precisely the State Council regulation.

section 8 of the interest subsidy of loan approval the housing finance and Development Centre will accept application for loan interest subsidy on loan.
The interest subsidy on loan approval is subject to the condition that the housing finance and Development Centre has approved the plans for the construction of the item and the cost. The housing finance and development centre may authorise the works prior to the adoption of plans and costs. If work is started without the permission of the interest rate on the loan, you can accept the support lent for a special reason.
The interest subsidy on loan approval requires that the time is estimated to be sufficient for the conditions of the loan back.
If you rent apartments to be built in the country, the interest rate on the loan may be called in to accept rent assistance loan only if the rental agreement is prohibited in accordance with article 13 of the Treaty, the termination of the guarantee. The lease must be able to transfer to a third party without the owner of the property.

applications for payment of the interest-rate subsidy, section 9 of the State Treasury to pay for the interest subsidy on the interest payment dates by lainanmyöntäjälle every six months, on the basis of the calculation of the lainanmyöntäjän.
The application for the payment of the interest rate subsidy shall be submitted to the Treasury in due time and no later than 14 days prior to the date of payment of the interest. On the first application for the payment of the subsidy is to be accompanied by a copy of the loan debt and loan management plan.

section 10 of the rental apartment for the construction of housing units, the use of the interest rate of a loan is granted, it is to be used for temporary residence. The obligation ends after 10 years have passed since the first instalment of the loan, the interest rate subsidy.
State Treasury free of the borrower on the basis of an apartment or house rental asuinkäyttövelvoitteesta before the end of the period referred to in subparagraph (1), if: 1) an apartment or House share in the interest-rate subsidy on the loan has been paid back;
2) the State is exempt from the liability of the guarantee in accordance with article 13, in so far as it is an apartment or House share in the interest-rate subsidy on the loan; and 3 increasing the interest rate on the support for the first instalment of the loan) for a period of five years.

Article 11 change in use may, for a special reason, grant permission to use the apartment for 10 during the period referred to in subparagraph (1) of section other than the asuintarkoitukseen, once the license is limited in number. The authorization shall be granted to the building or the housing of the remaining apartments.
The purpose of the authorisation prior to the change, inform the housing finance and Development Centre, which may provide that the authorization referred to in the corresponding part of the interest rate on loans of housing aid will be abolished. The interest rate, the support may not be close, if the living quarters of the inhabitants of the other residents of the farms emerged, or is amended as follows: the housing conditions for the healing.

Article 12 of the Housing supply For korkotukilainoitettu the item moves in accordance with section 10 of the rental for the duration of the asuinkäyttövelvoitteen to the new owner, the interest payment of the aid and will continue only if the housing finance and Development Centre will evaluate the new owner to be sufficient conditions to repay the loan, the interest rate subsidy and the interest rate on the loan, as well as the support for this to include this in accordance with the laws of the borrower's obligations to deter. Otherwise, the interest rate for the payment of the aid a loan, which is under the above-mentioned item, ceases to exist.

section 13 of the State's guarantee for the State is lainanmyöntäjälle responsible for the loan principal, interest and other charges for the final loss, resulting from the debtor's inability to pay, to the extent that the loan guarantees are accrued on the loan funds are not sufficient to cover the outstanding principal, interest and other fees.
The State guarantee relating to overdue, outstanding principal, interest and other fees, that are due for payment within 10 years of the first instalment of the loan, the increase in the interest rate subsidy, as well as those assets accumulate interest until lainanmyöntäjä gets the run of the claims.
If the borrower fails to pay in accordance with the guarantee of the interest subsidy during the loan out of the new loan, housing finance and development centre can also accept the new loan interest subsidy on loan, if it meets the criteria in accordance with the terms of section 5. The guarantee period will remain in this case, the original loan.

section 14 Guarantees the interest rate subsidy, the loan must be approved by the housing finance and development centre of the borrower, the security of the other loans with better covering claims attaching to the mortgage or any other charges.
If the interest rate on the loan for the implementation of the project has also taken more loans, housing finance and development centre may, for a special reason, decide that the interest subsidy of loan mortgage security is worse than the rest of the loan, the mortgage collateral covering claims attaching to the. This requires that the interest rate on the loan and the total number of loans is better capable of covering claims attaching to a maximum of 90% of the reasonable costs of the project.
The use of the interest rate subsidy loan interest subsidies, loan collateral were being deregulated, again a better covering claims attaching to the need to the State Treasury.
Korkotukilainoitettu the item is shall be considered to have been sufficiently insured.

Guarantee the payment of compensation, section 15, of the State Treasury to pay for the resources of the State guarantee provided for in article 13 of the lainanmyöntäjälle, when the lainanmyöntäjän of the debtor and any other of the final loss of the guarantor to pay the amounts secured by way of the sale of the assets and then cleared. The sale of the collateral is not required if the debtor receives the company's reorganization Act (47/1993) reorganisation proceedings to preserve the property as collateral.
If lainanmyöntäjä gets its guarantee period after payment of the amount of compensation for uncollected interest or any other charges, left, lainanmyöntäjän is credited to them to the Treasury. State Office recognized for the assets of the State Housing Fund.
If the lainanmyöntäjä does not comply with the law or in the good-Bank-or the way the loan interest rate on the loan or grant, or in the management of the securities, and the procedure is violated by the guarantor's benefit, State Office may decide that the payment of the compensation is in part of the guarantee. If the lainanmyöntäjän has been outrageous, guarantee claims can be evaded.

section 16 of the recourse against the


State Office shall have the right, subject to article 2, or any other law, to recover the period of guarantee for the compensation paid to the lainanmyöntäjälle the interest Act (633/1982) under section 4 of the mukaisine, together with interest on the back. The interest shall be calculated from the time when the guarantee compensation is paid to the lainanmyöntäjälle.
State of the branch may, on application by the borrower to decide that the lainanmyöntäjälle part or all of the compensation paid to the guarantee being left to be recovered, if the recovery it would be unreasonable, taking into account the borrower's other commitments and guarantee the achievement of the exposures to the reasons for the delay.
The State Treasury shall enter on the takautumiskorvaus, together with interest on the State Housing Fund.

section 17 of the termination of the subsidy if the interest rate of a loan to be paid back, interest payment will stop the loan unless otherwise specified.

section 18 of the abolition of the interest rate subsidy if the loan recipient has used loans for any purpose other than the purpose under this Act, or the interest subsidy on loan approval when applying for a loan given to the adoption of a materially false information or concealed material facts, the housing finance and development centre can close an interest subsidy and obliges the borrower in whole or in part to carry out the State Housing Fund, the interest rate on the loan, the State aid is paid.
If the lease referred to in section 10 of the asuinkäyttörajoituksen underground homes have been used as anything other than a rental residence and not contrary to the procedure of the provision is not limited, the housing finance and development centre can close the interest rate provisions of the procedure for the execution of the aid and to the fight against the borrower or responsible for the rental apartment or rental home management, the owner of the shares in whole or in part to carry out the State Housing Fund, the interest rate on the loan, the State aid is paid.
The fight against the provisions of the procedure for the responsible borrower or rental an apartment or rental home management, the owner of the shares is to be carried out on the basis of the level 1 and (2) of the interest rate on the support for the current batch back to the date of payment of the interest until the repayment under section 3 of the interest act referred to in subsection 2, according to the interest rate plus three percentage points. If a refund or interest is not paid within the time limit, the number of annual wire transfer for your outstanding interest on arrears shall be the interest rate section 4 of the Act referred to in subsection (1) of the rate of return.

section 19 disclosure of surveillance and the housing finance and development centre of the State Treasury shall ensure that the lainanmyöntäjä and the borrower are in accordance with the law. Also lainanmyöntäjän is to ensure that the interest rate on the loan funds and support are in accordance with the law.
Lainanmyöntäjän the terms of the loan, it shall be informed of any changes to the terms and conditions later, the loan to be repaid, as well as the late payment and the recovery to the Treasury.
Lainanmyöntäjä and the borrower are required to the obligation of professional secrecy, without prejudice to the housing finance and Development Centre, as well as to the Treasury of the information necessary for the monitoring of compliance with this law.

section 20 of the other obligations in the case of a Government guarantee of the validity of Lainanmyöntäjän is subject to the condition that the interest rate on a loan and the lainanmyöntäjä takes care of the support for the guarantees of this law and in accordance with the provisions adopted pursuant to it and the good Bank. Lainanmyöntäjä during the period of validity of the guarantee of the State have a duty to report the late payment to the Treasury.
Lainanmyöntäjä is required to monitor the interests of the State and to comply with the provisions issued by the State Treasury, while the interest rate on the loan secured by the property to be disposed of at auction or in a bankruptcy proceeding. Composition or the arrangement of the interest rate subsidy to be compared with the other as collateral for a loan to be a voluntary liquidation of assets by means of the risk to the recovery of the loan only with the consent of the State Treasury.
If the total amount of the loan is higher than the interest rate in accordance with article 6 in the form of a loan, secured by property, proceeds from the interest-rate subsidy to be used primarily to cover the share of the loan, this loan unless it is referred to in subsection 2 of section 14 of the interest rate of the loan with a better coverage of covering claims attaching to the loans. This must be the entry of the loan agreement.

section 21 of the sanction of the housing finance and development centre may impose a penalty payment to the borrower, if the borrower: 1) is given by the housing finance and development centre of the interest rate on the loans or lainanmyöntäjälle to find the essentially false or misleading information or concealed the adoption of substantially affecting the interest rate on the loan;
2) is given to the housing finance and development centre or to the Treasury considerably with false or misleading information, or refused to provide the information requested by them for their purposes in accordance with article 19;
3. the interest rate on loans) is used for any purpose other than rental properties new construction; or 4) has used the korkotukilainoitettua apartments in violation of article 10 (1) of the Competition Act, and has not given the 11 authorisation as referred to in subparagraph (1) of section.
Percentage of the amount of the penalty payment is one of the loan amount in accordance with article 6 of the building cost index. The penalty fee for each calendar month during which the borrower has worked within the meaning of subparagraph (1) or subsection (1) or not has not been corrected by the 1 in accordance with paragraph 2 for false or misleading information. The housing finance and development centre can reduce the penalty fee if it would otherwise avoid a disproportionate burden.
The housing finance and Development Centre shall pay within two years from the time when it has become its operations in accordance with paragraph 1, or to the attention of the State Treasury, but not later than within 10 years after the end of an incorrect action. The penalty payment to be paid to the Treasury, which recognise the State Housing Fund.
The housing finance and development centre may impose a penalty payment pursuant to the previous owner of the activities referred to in article 12 of the new owner only if the new owner is the donation at the time knew or should have known about the activity.

section 22 of the appeal the housing finance and development centre or the State Treasury under this Act to make an adjustment may be in writing within 14 days of the date of notification of the decision. Appeal is made to the issuing authority, which shall deal with the appeal as a matter of urgency.
The requirement on the adjustment of the housing finance and development centre of its decision pursuant to article 8 shall not apply for appealing to the change. The rest of the response on the adjustment of the housing finance and Development Centre, and an appeal is brought against a decision by appealing to the State Treasury by the administrative act (586/1996).
The decision of the administrative law case, which concerns the imposition of a penalty payment or non-payment of compensation, may be appealed to the Supreme Administrative Court. Otherwise, the Administrative Court's decision may be appealed, if the Supreme Administrative Court grants leave to appeal.

the provisions of article 23 of the More Detailed provisions in the subsidized loans, approval, monitoring and reporting procedures, as well as the rental agreement shall be adopted, where necessary, of the Council of State regulation.

Article 24 entry into force this law shall enter into force on 1 April 2009 and shall remain in force until 31 December 2010.
The interest subsidy loans approved loans to apply the law, their treatment and the Council after the expiry of the law.
Before the entry into force of the law can be used to take the measures needed to implement the law.
THEY YmVM 2/3/2009, 2009, EV 17/2009

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