Warning about risks in lending for real estate down payments.

VTV.vn - State Bank Region 2 warns of risks in lending for real estate deposit payments, requesting a temporary suspension of lending until an official conclusion is reached.

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The State Bank of Vietnam's Regional Branch 2 has issued a warning about the risks in lending activities for deposit payments, based on agreements between customers and real estate consulting and brokerage firms in Ho Chi Minh City and Dong Nai province.

Specifically, in recent times, authorities and courts have discovered numerous violations in real estate deposit agreements prepared by consulting and brokerage firms.

Therefore, the State Bank of Vietnam's Regional Branch 2 has requested commercial banks to temporarily suspend lending for deposit payments under written agreements (or similar forms) until an official conclusion is reached by the competent authority.

At the same time, closely monitor the handling and conclusions of relevant authorities (courts, departments, etc.) to provide timely and legally compliant solutions to resolve disputes with customers.

As for banks that are issuing loans to pay deposits, they need to proactively work with customers, coordinate with consulting firms, brokers, and project developers to reach agreements that protect the legitimate rights and interests of customers.

In cases where the competent authority concludes that the agreement (or similar form) is not illegal, banks wishing to provide additional loans must establish specific procedures for the purpose of the loan to mitigate risks, especially to ensure the rights of customers.

Source: https://vtv.vn/canh-bao-rui-ro-trong-cho-vay-thanh-toan-tien-dat-coc-bat-dong-san-100251022142544251.htm