Zhengzhou announces measures for the supervision of second-hand housing transaction funds

On September 23rd, the Zhengzhou Municipal Housing Administration Bureau announced a notice to further strengthen the supervision of the settlement funds of the stock housing transaction. According to the notice, Zhengzhou City implements the supervision system of the settlement funds of the stock housing transaction. Zhengzhou Housing Real Estate Financing Guarantee Co., Ltd. is the fund guarantee agency of the stock housing transaction in Zhengzhou City. After the house payment (including one-time payment, down payment, mortgage loan and other forms of house payment, etc.) agreed in the purchase and sale contract of the stock housing between the parties to the transaction is deposited into the special bank account of the customer transaction settlement funds of Zhengzhou Housing Real Estate Financing Guarantee Co., Ltd., the parties to the transaction can apply for relevant business. Unless otherwise agreed by the parties to the transaction, all the stock housing transaction funds completed through real estate brokerage institutions shall be included in the fund supervision.