Fraudulent provision of housing provident fund for fraudulent loans or 1-3 times fine.

On November 2th, the State Council legally promulgated the Regulations on the Management of Housing Provident Fund (Revised Draft). It is mentioned in the manuscript that those who cheat by providing false materials and other means will be ordered to return and fined.

On November 2th, the State Council legally promulgated the Regulations on the Management of Housing Provident Fund (Revised Draft). It is mentioned in the manuscript that those who cheat by providing false materials and other means will be ordered to return and fined.

According to the website of the State Council Legal Affairs Office, the Regulations on the Management of Housing Provident Fund (Revised Draft) (hereinafter referred to as the Draft) was open to the public for comments on the 2th. The draft for review stipulates that fraudulent loans by providing false materials and other means will be ordered to be returned and fined; If a crime is constituted, criminal responsibility shall be investigated according to law.

in order to strengthen the management of housing provident fund, safeguard the legitimate rights and interests of housing provident fund holders, and support paid workers to solve the housing problem, the Ministry of Housing and Urban-Rural Development drafted the Regulations on the Management of Housing Provident Fund (Revised Draft), which was submitted to the State Council for deliberation.

The draft is clear. If the housing provident fund is withdrawn or the housing provident fund loan is obtained by fraudulent means such as providing false materials, the housing provident fund management shall order it to return the defrauded housing provident fund or illegal loan, and impose a fine of more than 1 time and less than 3 times the defrauded amount or a fine of more than 1% and less than 3% of the illegal loan amount, and cancel the employee's five-year housing provident fund withdrawal and loan qualification; If a crime is constituted, criminal responsibility shall be investigated according to law.