| 2006.03.31 |
Financial institutions shall hold the sale of unsecured non-performing loans (consumer loan only) to asset management companies
[Chinese]
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Financial institutions shall hold the sale of unsecured non-performing loans (consumer loan only) to asset management companies
From: Financial Supervisory Committee, Executive Yuan
Date: 03/31/2006
Ref. No.: Jin-Kuan-Yin-(4)-Zi-No.09540001860
Subject: Following the same practice for credit card and cash card business, financial institutions shall hold the sale of unsecured non-performing loans (consumer loans only) to asset management companies to facilitate the operation of Consumer Debt Negotiation Mechanism. This instruction does not apply to unsecured non-performing loans already sold under a contract prior to the promulgation of this instruction.