Data Source:Laws and Regulations Retrieving System of the Banking Bureau

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.