From August, 2065438 to August, 2008, the Detailed Rules for the Supervision of Internet technology and finance System was promulgated, and government departments stipulated that online financial platforms and banks should deposit funds in banks. The definitions of fund bank depository and fund custody are similar, but the essential difference lies in the poor monitoring scope of fund depository of each single fund.
Is it necessary to fund custody for buying second-hand houses? What is the use of fund supervision? 1, convenient and safe fund settlement.
Funds entrusted for mutual sales can be settled independently, and it is no longer necessary to be controlled by government agencies according to intermediary services, and to collect money according to bank settlement. On the one hand, it is convenient for consumers to deposit or obtain large purchases in accordance with the principle of proximity to prevent large cash flow risks.
2. Control the interest payment of funds.
After the real estate transaction is completed, the buyer receives the real estate license, and the fund supervision institution orders the bank to pay the house purchase price together with the interest during the sale period.
3. Quick service without delay.
After the management and control of real estate transaction funds is implemented, if the ownership registration authority allows the real estate transaction to be filed and issued, Party A and Party B can receive the real estate license or purchase price after/0/5 days from the date of filing and approval.
Will fund supervision be automatically unfrozen? As long as the relevant procedures are completed, the fund supervision will be automatically thawed, usually in 3~7 days, but not all of them will be thawed automatically. It is best to consult the local bank. Generally, when buying a house, in order to ensure the safety factor of buying and selling, they will apply for third-party supervision. Before the transfer formalities are completed, the money for buying a house will be frozen in the institution, and the financial institution can only unfreeze it after completing the relevant formalities with the other party, and then put the money into the designated account.
What should be paid attention to in fund supervision? 1. Both parties must provide their own bank accounts;
2. The regulatory authorities require that there is no need to set up a new account for the used custodian bank account, and the local account must have the function of personal transfer.
3. Select the same custodian bank and set up a settlement account for loan purchase;
4. If the house is purchased by loan, the borrowing bank shall transfer the loan to the fund supervision account before handling the property right registration, and then transfer it to the seller's account after the buyer's property right period is successfully changed;
5. Both parties to the transaction shall properly keep the account numbers and passwords of relevant bills and shall not disclose them.
What are the risks if funds are not regulated? 1. If the funds are not supervised, the buyer will buy the house in full, and the property rights will be transferred early, and the final payment will be late, which will be very risky for the seller. If the buyer only has a small amount of random funds and wants to obtain funds according to the real estate mortgage loan, so as to realize the flip purchase of multiple houses, it will easily lead to the unwinding of funds, which will lead to the seller's inability to get back the balance, the ownership of the house has been transferred and the property rights of the house have been lost.
2. If there is no fund supervision, the seller's house is still pledged, and it is risky to let the buyer's funds out. It is very likely that the seller will use the buyer's funds for other purposes, resulting in the failure to hand over the house as scheduled and the smooth transfer of ownership; It is also possible that there are several pledges in the seller's house, and the buyer's payment funds can only solve some of the pledges, which leads to the delay in releasing the house, so that the buyer delays the sale of the house, and seriously, both the money and the house are lost.