Conditions for Mortgaging Future-Formed Housing

23:55, 10/07/2024

This is an important detail in Circular 26/2015/TT-NHNN guiding the order and procedures for the mortgage and release of collateral which are housing development projects and future-formed residences issued by the State Bank of Vietnam on December 09, 2015.

According to the regulations stipulated in Circular 26/2015/TT-NHNN, organizations and individuals are entitled to mortgage future-formed houses upon meeting the following conditions:

- For organizations and individuals mortgaging future-formed houses constructed on their legally owned parcels of land:

- Possessing legal evidence of homestead land use rights in accordance with land laws;- Holding a Construction Permit if the construction falls within the category requiring such a permit by relevant laws;- Meeting the conditions stipulated in points d, dd, e of Clause 2, Article 7 of Circular 26.

- For organizations and individuals mortgaging future-formed houses purchased from an investor in a housing construction investment project:

- Holding a signed house sale contract with the investor;- Having a contract transfer document if they are a transferee of the house sale contract as per regulations;- Holding documents proving the payment to the investor according to the agreed schedule in the house sale contract;- Not being involved in any complaints, lawsuits, or disputes regarding the house sale contract or its transfer;- Meeting the conditions stipulated in points dd, e of Clause 2, Article 7 of Circular 26.

Detailed information can be found in Circular 26/2015/TT-NHNN effective from December 10, 2015.

- Khanh Chi -

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email [email protected]