Housing Finance Business and Legal Risk Control _ Series of Commercial Banks and Legal Risk Control

Author: Zhang Wei
Publisher:
Publish Date: 2004-07-01
Features: The rapid concentration of bank credit funds into the real estate industry and the excessive reliance of the real estate industry on bank credit funds have created significant potential financial risks in the domestic real estate market. In addition to the market risks that may arise from overheated real estate investment, the legal risks involved are equally cannot be ignored. From a legal perspective, every stage of housing finance business is closely related to the law, from obtaining land for real estate development, processing project procedures, mortgaging under-construction projects to the pre-sale of houses, handling mortgages, and repaying funds, all of which are closely linked to the law. However, the current real estate management laws and regulations in China are not yet perfect, and many practical issues lack legal basis. There are also conflicting provisions, leaving commercial banks confused when dealing with certain issues in housing finance, making it easy to create legal risks. On the other hand, the eagerness of commercial banks to expand housing finance business often leads them to overlook these legal risks, creating hidden dangers for the healthy development of housing finance business. Therefore, researching and analyzing the potential legal risks in housing finance business and their control measures is of great significance for ensuring the stable development of commercial banks' housing finance business. Based on the practical experience of commercial banks' housing finance business in China, this book identifies the main legal risks that have already emerged and those that may arise in the operation of the business. Combining China's current laws and regulations and their development trends, and drawing on advanced experiences from other countries and regions, it proposes measures and countermeasures to control risks from a legal perspective.