Interim Measures for the Administration of Online Loans of Commercial Banks
Chapter I General Provisions
Article 1 In order to standardize the operation of online loan business of commercial banks and promote the healthy development of online loan business, these Measures are formulated in accordance with the Banking Supervision Law of the People's Republic of China, the Law of People's Republic of China (PRC) Commercial Bank and other laws and regulations.
Article 2 Commercial banks established in People's Republic of China (PRC) according to law shall abide by these Measures when engaging in online loan business.
Article 3 The term "online loans" as mentioned in these Measures refers to personal loans and working capital loans provided by commercial banks to eligible borrowers for consumption, daily production and operation turnover, etc. Through the use of information and communication technologies such as the Internet and mobile communication, cross-validation and risk management are carried out based on risk data and risk models, online loan applications are automatically accepted and risk assessment is carried out, and core business operations such as credit approval, contract signing, loan issuance and post-loan management are completed.
Article 4 The risk data mentioned in these Measures refers to all kinds of internal and external data collected and used by commercial banks in the process of borrower identification, loan risk identification, analysis, evaluation, monitoring, early warning and disposal.
The term "risk model" as mentioned in these Measures refers to various models applicable to the whole process of Internet loan business, including but not limited to identity authentication model, anti-fraud model, anti-model, compliance model, risk assessment model, risk pricing model, credit approval model, risk early warning model and loan collection model.
The term "cooperative institutions" as mentioned in these Measures refers to various institutions that cooperate with commercial banks in marketing customers, joint venture loans, payment and settlement, risk sharing, information technology and overdue collection. Including but not limited to banking financial institutions, insurance companies and other financial institutions and companies, financing guarantee companies, e-commerce companies, non-bank payment institutions, information technology companies and other non-financial institutions.
Article 5 These Measures shall not apply to the following loans:
(1) Although borrowers apply for loans online, commercial banks conduct pre-loan investigation, risk assessment and credit approval offline or mainly through offline, and the core judgment of loan credit comes from offline loans;
(2) Collateral issued by commercial banks needs to be evaluated, registered and delivered for safekeeping offline or mainly offline;
(3) Other loans as stipulated by the Bank of China Insurance Regulatory Commission.
Other relevant regulatory provisions apply to the above loans.
Article 6 Online loans shall follow the principles of small amount, short term, high efficiency and controllable risks.
The credit line of a single household personal consumption credit loan shall not exceed 200,000 yuan, and the credit period of one-time repayment of principal shall not exceed 1 year. The China Banking Insurance Regulatory Commission may adjust the above quota according to the operation and management of commercial banks, the risk level and the development of Internet loan business. Commercial banks shall, within the above-mentioned limits, formulate differentiated credit lines according to the characteristics of their customer groups and the consumption scenarios of customers.
Commercial banks should, according to their own risk management capabilities and according to the regions, industries and varieties of Internet loans, determine the upper limit of credit lines for personal loans and single-family production and operation working capital loans. For the above-mentioned loans with a term of more than one year, the credit corresponding to the loan shall be re-evaluated and approved at least once a year.
Article 7 A commercial bank shall formulate its own Internet loan business plan according to its market positioning and development strategy. Where cooperative institutions are involved, the mode of cooperation shall be clarified.
Article 8 Commercial banks should implement unified management of Internet loan business, incorporate Internet loan business into a comprehensive risk management system, establish and improve a risk governance structure, risk management policies and processes, internal control and auditing system suitable for the characteristics of Internet loan business, effectively identify, evaluate, monitor and control the risks of Internet loan business, and ensure that the development of Internet loan business is compatible with its own risk preference and risk management ability.
If the internet loan business involves cooperative institutions, the core risk control links such as credit approval and contract signing should be independently and effectively carried out by commercial banks.
Article 9 When conducting Internet loan business, local corporate banks should mainly serve local customers, prudently carry out cross-registered business, and effectively identify and monitor the development of cross-registered business. There are no physical business outlets, and the business is mainly conducted online, except for other conditions stipulated by the China Banking Insurance Regulatory Commission.
Where branches are established in other provinces (autonomous regions and municipalities directly under the Central Government), the business conducted to customers in the administrative area where the branches are located does not belong to the business under the jurisdiction of cross-registered places as mentioned in the preceding paragraph.
Article 10 Commercial banks should establish and improve the protection mechanism for borrowers' rights and interests, improve the internal assessment system for consumer rights and interests protection, earnestly assume the main responsibility for borrowers' data protection, strengthen the protection of borrowers' private data, build safe and effective channels for business consultation and complaint handling, ensure that borrowers enjoy corresponding services no less than offline loan business, and embed consumer protection requirements into the whole process management system of Internet loan business.
Article 11 The Insurance Regulatory Commission of the Bank of China and its dispatched offices (hereinafter referred to as banking regulatory agencies) shall supervise and manage the online loan business of commercial banks in accordance with these Measures.
Chapter II Risk Management System
Article 12 A commercial bank shall establish and improve the governance structure of online loan risk, clarify the responsibilities of the board of directors and senior management for online loan risk management, and establish an assessment and accountability mechanism.
Article 13 The board of directors of commercial banks shall bear the ultimate responsibility for the risk management of online loans and perform the following duties:
(1) Examining and approving the online loan business plan, cooperative institution management policies and cross-regional management policies;
(2) Examining and approving the online loan risk management system;
(3) Supervise the senior management to manage and control the risks of online loans;
(four) regularly obtain the evaluation report of online loan business, and keep abreast of the management, risk level and consumer protection of online loan business;
(5) Other related duties.
Article 14 The senior management of a commercial bank shall perform the following duties:
(a) determine the management structure of Internet loans, and clarify the division of responsibilities of various departments;
(2) Formulating, evaluating and supervising the implementation of online loan business planning, risk management policies and procedures, cooperative organization management policies and procedures, and cross-regional management policies;
(3) Formulate risk control indicators for Internet loan business, including but not limited to Internet loan limit, loan limit with cooperative institutions and investment ratio, concentration of cooperative institutions, non-performing loan ratio, etc. ;
(4) Establishing a risk management mechanism for Internet loan business, continuously and effectively monitoring, controlling and reporting various risks, and responding to risk events in a timely manner;
(5) Fully understand and regularly evaluate the development, risk level, management and consumer protection of online lending business, grasp its major changes in time, and report to the board of directors on a regular basis;
(6) Other related duties.
Article 15 A commercial bank shall ensure that it has sufficient resources to independently and effectively carry out Internet loan risk management, and ensure that the board of directors and senior management can timely understand the risk situation and accurately understand the functions and limitations of risk data and risk models.
Article 16 The online loan risk management system of commercial banks shall cover the whole process of loan business such as marketing, investigation, credit granting, signing, lending, payment, tracking and recovery.
Article 17 A commercial bank shall obtain the data of target customers through legal channels and methods, carry out loan marketing, and fully evaluate the capital demand, repayment willingness and repayment ability of target customers. Commercial banks should increase the compulsory reading of loan contracts in the loan application process and set a reasonable reading time limit.
When promoting Internet loan products to target customers, commercial banks should fully disclose basic information such as loan subject, loan conditions, actual annual interest rate, annualized comprehensive capital cost, debt service arrangement, overdue collection, consultation and complaint channels, default liability, etc. in a prominent position, so as to protect customers' right to know and their right to choose independently, and not deprive consumers of their right to express their wishes by means of default check or compulsory binding.
Article 18 A commercial bank shall, in accordance with the requirements of anti-terrorist financing, establish an identity authentication model, take effective measures such as online verification and biometric identification to identify customers, and conduct online verification and storage of the borrower's identity data and borrowing intention to ensure that the borrower's identity data is true and valid and the borrower's intention is true. A commercial bank may not authorize a cooperative institution to verify the identity of the borrower.
Article 19 Commercial banks should establish an effective anti-fraud mechanism, monitor fraud in real time, regularly analyze the changes of fraud risks, constantly improve the anti-fraud model review rules and related technical means, prevent acts of impersonating others and maliciously defrauding bank loans, and ensure the safety of credit funds.
Article 20 A commercial bank should inquire about the borrower's credit information after being authorized, and collect, inquire and verify the borrower's relevant qualitative and quantitative information online through legal channels and methods, including but not limited to tax, social insurance fund, housing accumulation fund and other information, so as to fully understand the borrower's credit status.
Article 21 Commercial banks should build effective risk assessment, credit approval and risk pricing models, strengthen unified credit management, use risk data, and combine the borrower's existing debts to carefully evaluate the borrower's repayment ability and determine the borrower's credit rating and credit scheme.
Twenty-second commercial banks should establish a manual audit mechanism as a necessary supplement to the automatic examination and approval of risk models. Commercial banks should make clear the trigger conditions of manual audit and set up a reasonable manual audit operation process.
Article 23 Commercial banks should sign loan contracts and other documents with borrowers and other parties in the form of data messages. The loan contract and other documents shall comply with the provisions of People's Republic of China (PRC) Contract Law, People's Republic of China (PRC) Electronic Signature Law and other laws and regulations.
Article 24 A commercial bank shall agree with the borrower on a clear and legal loan purpose. The loan funds shall not be used for the following matters:
(1) Purchase and repayment of housing mortgage loans;
(2) Investment in stocks, bonds, futures, financial derivatives and asset management products;
(3) Equity investment in fixed assets and equity;
(4) Other purposes prohibited by laws and regulations.
Article 25 A commercial bank shall, in accordance with the requirements of relevant laws and regulations, store, transmit and archive the loan contract signed in the form of data messages and the data of key links and nodes in the credit process. The signed loan contract and related materials shall be available for the borrower to consult at any time.
Article 26 If the time interval between granting credit and issuing the first loan exceeds 1 month, the commercial bank shall re-evaluate the borrower's credit status before issuing the loan, and determine the frequency of tracking the borrower's credit record according to the borrower's characteristics and loan amount to ensure timely acquisition of its comprehensive credit status.
Twenty-seventh commercial banks should manage and control the payment of loan funds in accordance with the loan contract, and the loan payment should be carried out by institutions with legal payment business qualifications. Commercial banks should strengthen the monitoring and reconciliation management of payment accounts. If potential risks are found, an early warning should be issued immediately and relevant measures should be taken. If the independent payment method is adopted, the one-day loan payment limit shall be determined according to the borrower's past behavior data, transaction data and credit data.
Article 28 Commercial banks shall abide by the provisions of the Interim Measures for the Administration of Personal Loans and the Interim Measures for the Administration of Working Capital Loans, and at the same time determine differentiated entrusted payment limits according to their own risk management level, the scale and structure of Internet loans, application scenarios, credit enhancement means, etc.
Article 29 A commercial bank should establish a risk monitoring and early warning model, monitor the financial, credit and operating conditions of borrowers, set reasonable early warning indicators and early warning trigger conditions, send out early warning signals in time, and use manual verification as a supplementary means when necessary.
Article 30 Commercial banks should monitor the use of loans in an appropriate way. If it is found that the borrower violates laws and regulations or fails to use the loan funds according to the agreed purpose, the loan shall be recovered in advance in accordance with the contract, and the borrower shall be held responsible accordingly.
Article 31 Commercial banks should improve the internal audit system, carry out internal audit independently and objectively, and review, evaluate and urge to improve the operation, risk management, internal control and compliance effect of online loan business. Banking regulators may require commercial banks to submit special internal audit reports on Internet loans.
Article 32 In case of the formation of bad Internet loans, commercial banks should formulate differentiated disposal plans in time according to their nature to improve the disposal efficiency.
Chapter III Risk Data and Risk Model Management
Article 33 A commercial bank shall at least include the borrower's name, ID number, telephone number, bank account and other basic information necessary for risk assessment when conducting borrower identity verification, pre-lending investigation, risk assessment, credit review and post-lending management. If it is necessary to obtain the borrower's risk data from the cooperative organization, it shall confirm through appropriate means that the data source of the cooperative organization is legal, compliant, true and effective, and the data provided to the outside world does not violate the requirements of laws and regulations, and has been explicitly authorized by the information subject himself. Commercial banks may not cooperate with third parties that collect and use personal information in violation of regulations.
Article 34 A commercial bank shall follow the principles of legality, necessity and effectiveness in collecting and using the borrower's risk data, and shall not violate the laws and regulations and the agreement between the borrower and the lender, and shall not use the risk data to engage in activities unrelated to the loan business or damage the legitimate rights and interests of the borrower, and shall not provide the borrower's risk data to a third party, unless otherwise stipulated by laws and regulations.
Article 35 A commercial bank shall establish strategies and standards for the safety management of risk data, take effective technical measures to ensure the safety of borrowers' risk data in the process of collection, transmission, storage, processing and destruction, and prevent the risk of data leakage, loss or tampering.
Article 36 Commercial banks should make necessary processing on risk data to meet the requirements of risk model for data accuracy, integrity, consistency, timeliness and effectiveness.
Article 37 A commercial bank shall reasonably allocate the responsibilities and authorities for risk model development, testing, evaluation, monitoring and withdrawal to ensure a clear division of labor and clear responsibilities. Commercial banks shall not outsource the management responsibilities of the above-mentioned risk models, and shall strengthen the confidential management of the risk models.
Article 38 Commercial banks should combine the characteristics of loan products, target customers, risk data and risk management strategies, select appropriate technical standards and modeling methods, scientifically set model parameters, build a risk model, and test the effectiveness and stability of the model under normal and stress scenarios.
Article 39 A commercial bank shall establish a risk model review mechanism and a model review committee to be responsible for the risk model review. Risk model evaluation should be independent of risk model development, and the evaluation should pay attention to the effectiveness and stability of risk model to ensure consistency with bank credit approval conditions and risk control standards. The risk model can only be applied online after it has been approved.
Article 40 Commercial banks should establish an effective daily monitoring system for risk models, which should at least include the effectiveness and stability of online risk models and the actual default of all loans recognized by the models. If the monitoring finds that the model has defects or does not meet the design objectives of the model, it should ensure that the risk model development and testing department or team can be prompted to retest and optimize in time to ensure that the risk model can continuously adapt to the risk management requirements.
Article 41 A commercial bank shall establish a risk model and withdraw from the disposal mechanism. For risk models that can't meet the requirements of risk management, we should immediately stop using them and take corresponding measures in time to eliminate the adverse impact of model withdrawal on loan risk management.
Article 42 A commercial bank shall comprehensively record the whole process of risk model from development to withdrawal, and file it in a documented way for the bank and the banking regulatory institution to consult at any time.
Chapter IV Information Technology Risk Management
Article 43 Commercial banks should establish a safe, compliant, efficient and reliable online loan information system to meet the needs of online loan business operation and risk management.
Article 44 Commercial banks should pay attention to improving the availability and reliability of the online loan information system, strengthen the management and maintenance of the safe operation of the online loan information system, and regularly carry out safety tests and stress tests to ensure the safe, stable and continuous operation of the system.
Article 45 Commercial banks should take necessary network security protection measures, strengthen network access control and behavior monitoring, and effectively guard against threats such as network attacks. When interacting with cooperative institutions, practical measures should be taken to effectively isolate sensitive data and ensure that data interaction is carried out in a safe and compliant environment.
Article 46 Commercial banks should strengthen the security of client programs (including but not limited to browser plug-in programs, desktop client programs and mobile client programs, etc.). ) is deployed on the borrower's side to improve the security capabilities of client programs such as anti-attack, anti-intrusion, anti-tampering, and anti-decompilation.
Article 47 Commercial banks should take effective technical measures to ensure the data security of borrowers, ensure the confidentiality, integrity, authenticity and non-repudiation of data in all links such as data transmission, contract signing and transaction records between commercial banks and borrowers and cooperative institutions, and make regular data backups.
Article 48 A commercial bank shall fully evaluate the service capability, reliability and security of the cooperative institution's information system and the security protection capability of sensitive data, carry out joint drills and tests, and strengthen contract constraints.
Commercial banks should conduct information technology risk assessment on data interaction with cooperative institutions every year, and form a risk assessment report to ensure that the security of commercial banks' information systems will not be reduced due to cooperation and ensure business continuity.
Chapter V Loan Cooperation Management
Article 49 A commercial bank shall establish a unified access mechanism covering all kinds of cooperative institutions, define the corresponding standards and procedures, and implement list management.
Commercial banks shall, according to the cooperation content, the scope and degree of influence on customers and the degree of influence on the financial stability of banks, implement hierarchical and classified management of cooperative institutions, and determine the corresponding examination and approval authority according to their levels and categories.
Article 50 A commercial bank shall, in accordance with the principle of matching the qualifications of cooperative institutions with the functions they undertake, conduct pre-entry evaluation on cooperative institutions to ensure that cooperative institutions and cooperative matters meet the laws, regulations and regulatory requirements.
Commercial banks should make pre-entry evaluation on cooperative institutions mainly from the aspects of operating conditions, management ability, risk control level, technical strength, service quality, business compliance and institutional reputation. When selecting cooperative institutions with the same capital contribution, we should also pay attention to the capital adequacy ratio, leverage ratio, liquidity level, non-performing loan ratio, loan concentration and their changes, and carefully determine the list of cooperative institutions.
Article 51 A commercial bank shall sign a written cooperation agreement with a cooperative institution. The written cooperation agreement shall clearly stipulate the scope of cooperation, operation process, rights and responsibilities of all parties, income distribution, risk sharing, protection of customers' rights and interests, data confidentiality, dispute resolution, transitional arrangements for the change or termination of cooperation matters, and liability for breach of contract, and the cooperative institution shall promise to cooperate with the commercial bank to accept the inspection by the banking regulatory agency and provide relevant information and materials.
Commercial banks should independently determine the target customer groups, credit lines and loan pricing standards; Commercial banks may not directly or in disguised form provide financing to the cooperative institutions themselves and their related parties for lending. In addition to the cooperative institutions that contribute to the issuance of loans, commercial banks may not entrust cooperative institutions to perform key operations such as loan issuance, principal and interest recovery, and payment suspension. Commercial banks should explicitly require cooperative institutions not to charge interest fees to borrowers in any form in written cooperation agreements, except for insurance companies and institutions with guarantee qualifications.
Article 52 A commercial bank shall fully disclose to the borrower information such as itself and its cooperative institutions, cooperative products, rights and responsibilities of itself and its cooperative parties in a prominent position on relevant pages, fully disclose the risks of cooperative business according to the principle of appropriateness, and avoid brand confusion among customers.
Commercial banks should fully disclose the loan subject, actual annual interest rate, annualized comprehensive capital cost, debt service arrangement, overdue collection, consultation and complaint channels, liability for breach of contract and other information to borrowers in a striking way. When a commercial bank needs to obtain the borrower's authorization for risk data, it should prompt the borrower to read the authorization content in detail on the relevant webpage, and disclose the content and time limit of the authorized risk data in a prominent position of the authorization to ensure that the borrower signs and agrees after reading the authorization.
Article 53 Where a commercial bank and other institutions with loan qualifications jointly contribute to the issuance of Internet loans, it shall establish corresponding internal management systems, clarify the management mechanism of the joint contribution of the bank and the cooperative institutions, and clarify the rights and obligations of all parties in the cooperation agreement. Commercial banks should independently conduct risk assessment and credit approval for the loans they put in, and assume the main responsibility for post-loan management. Commercial banks shall not provide funds for cooperative institutions without lending business qualifications to issue loans in any form, and shall not contribute funds to issue loans to cooperative institutions without lending business qualifications.
Commercial banks should carefully select cooperative institutions according to the principle of moderate decentralization, and formulate emergency and recovery plans for business interruption caused by cooperative institutions to avoid risks arising from excessive dependence on a single cooperative institution.
Article 54 A commercial bank should fully consider its own development strategy, business model, asset-liability structure and risk management ability, bring the total loan contributed by the cooperative institution into the quota management according to the total retail loan or the corresponding proportion of the total loan, and strengthen the concentration risk management of the cooperative institution. Commercial banks should implement interval management on the investment proportion of a single loan, and share the risks reasonably with the partners.
Article 55 Commercial banks shall not accept direct or disguised credit enhancement services provided by cooperative institutions without guarantee qualifications or cooperative institutions that do not meet the regulatory requirements for credit insurance and guarantee insurance business qualifications. Commercial banks should fully consider the credit enhancement ability and concentration risk of the above-mentioned institutions when cooperating with cooperative institutions with guarantee qualifications, and meet the regulatory requirements of credit insurance and guarantee insurance business qualifications. Commercial banks shall not relax their control over loan quality because of the introduction of guarantee and credit enhancement.
Article 56 A commercial bank may not entrust a third-party institution with a record of illegal acts such as violent collection to collect loans. Commercial banks should clearly define their rights and responsibilities with third-party institutions, and require them not to collect money from third parties unrelated to loans. If a commercial bank finds that the cooperative institution has illegal acts such as violent collection, it shall immediately terminate the cooperation and hand over the illegal clues to the relevant departments in time.
Article 57 A commercial bank shall continuously manage cooperative institutions, and timely identify, evaluate and mitigate the risks caused by the default or business failure of cooperative institutions. Cooperative institutions shall conduct comprehensive evaluation at least once a year. If it is found that the cooperative institution can no longer meet the access conditions, it shall terminate the cooperative relationship in time. In case of serious violations of laws and regulations during the cooperation period, the cooperative institutions shall be included in the list of prohibited cooperative institutions of the Bank in time.
Chapter VI Supervision and Administration
Article 58 A commercial bank shall submit a written report to its regulatory agency within 65,438+00 working days after the product is launched for the first time, including:
(a) business planning, including the annual and medium-and long-term Internet loan business model, business objects, business areas, geographical scope and cooperative organization management. ;
(2) Risk control measures, including internet loan business governance structure and management system, internet loan risk preference, risk management policies and processes, information system construction and information technology risk assessment, anti-terrorist financing system, internet loan cooperation agency management policies and processes, internet loan business quota, loan quota and investment ratio with cooperation agencies, cooperation agency concentration and other important risk control indicators;
(3) Whether the basic information of online loan products, including product compliance assessment, product risk assessment, risk data and risk model management, meets the relevant requirements of these Measures;
(4) Protection of consumer rights and interests and its supporting services;
(5) Other materials required by the banking regulatory agency.
Article 59 The banking supervision institution shall, in combination with the daily supervision and the risk status of commercial banks, evaluate the reports and related materials submitted by commercial banks, focusing on:
(1) Whether the online loan business planning matches its own business positioning and differentiated development strategy;
(2) Whether to independently master the core risk control links such as credit approval and contract signing;
(3) Whether the basic preventive measures against information technology risks are sound.
(4) Whether the credit line, term, loan control, data protection and cooperative organization management of network products meet the requirements of these Measures;
(5) Whether the protection of consumers' rights and interests is comprehensive and effective.
If it is found that it does not meet the requirements of these measures, it shall require commercial banks to rectify and suspend business within a time limit.
Article 60 A commercial bank shall, in accordance with the requirements of these Measures, make an annual assessment of the development of online loan business, and submit the annual assessment report of the previous year to the banking regulatory institution before April 30 of each year. The annual evaluation report includes but is not limited to the following contents:
(1) Basic business information;
(2) Analysis of annual operation and management;
(3) Business risk analysis and performance analysis of regulatory indicators;
(four) the main methods of identifying, measuring, monitoring and controlling risks and their improvement, and the effectiveness of information technology risk prevention and control measures;
(V) Monitoring and verification of the risk model.
(6) Compliance management and internal control management;
(seven) complaints and handling;
(eight) the business development plan for the next year;
(9) Other matters required to be reported by the banking regulatory institution.
Article 61 If the risk governance structure, risk management strategies and procedures, data quality control mechanism, management information system and cooperative organization management of Internet loans undergo major adjustments during their operation, the commercial bank shall report the adjustment in writing to the banking regulatory institution within 65,438+00 working days after the adjustment.
Article 62 The banking supervision institution may, according to the operation and management of commercial banks, risk level and the development of Internet loan business, put forward relevant prudential supervision requirements on the proportion of capital contribution and related concentration risks of loans issued by commercial banks and cooperative institutions, and cross-registered jurisdiction business.
Article 63 Banking supervision institutions may supervise and inspect the online loan business of commercial banks through off-site supervision and on-site inspection.
Banking supervision institutions conduct data statistics and monitoring on online loan business of commercial banks, and evaluate important risk factors.
Article 64 If a commercial bank handles online loans in violation of these measures, the banking supervision institution may order it to make corrections within a time limit according to the Banking Supervision Law of the People's Republic of China. If it fails to make corrections within the time limit, or if its behavior seriously endangers the steady operation of commercial banks and damages the legitimate rights and interests of customers, it shall take corresponding regulatory measures. In case of serious violation of these measures, administrative penalties may be imposed according to the provisions of Articles 45, 46, 47 and 48 of the Banking Supervision Law of the People's Republic of China.
Chapter VII Supplementary Provisions
Article 65 Commercial banks engaged in online loan business shall formulate detailed rules and operational procedures for online loan management according to these Measures.
Article 66 Matters not covered in these Measures shall be implemented in accordance with the Interim Measures for the Administration of Personal Loans and the Interim Measures for the Administration of Working Capital Loans.
Article 67 These Measures shall apply to branches of foreign banks. In addition to the requirements for the term of personal loans in Article 6, consumer finance companies and auto finance companies shall carry out Internet loan business with reference to these Measures.
Article 68 The Bank of China Insurance Regulatory Commission shall be responsible for the interpretation of these Measures.
Article 69 These Measures shall come into force as of the date of promulgation.
Article 70 The transition period shall be 2 years from the date of implementation of these Measures. New business during the transition period shall comply with the provisions of these measures. Commercial banks, consumer finance companies and auto finance companies shall formulate rectification plans for Internet loans during the transitional period, specify the time schedule, and submit a written report and rectification plan in line with the provisions of Article 58 of these Measures to the banking regulatory agency within 1 month from the date of implementation of these Measures, which shall be supervised and implemented by the banking regulatory agency.
Second, how long is the anti-fraud supervision period of the central bank for small consumer loans?
One year.
The company supervision department suspended the new batch of network construction.