Explanations of the central bank regarding the objections of banks to the implementation of the housing production law

to report Iran is an economistPublic Relations of the Central Bank provided explanations regarding the complaint of the Minister of Roads and Urban Development regarding the objections of the banks regarding the implementation of the law on the jump in housing production and their fines according to this law.

This report adds that according to the Central Bank’s explanations, according to the law of jump in housing production, banks are obliged to pay the housing construction facilities to the qualified applicants in stages according to the progress of the construction of the units.

According to this law, applicants are eligible to receive housing construction facilities who deposit their cash contributions after completing the documents.

It is obvious that if a bank does not pay its share after completing the documents and depositing the cash share (brought) by the applicant, it will be subject to the tax penalty included in the Law of Housing Production Jump.

Earlier, the central bank notified the relevant circular to the banking network and monitors its implementation.