Payment details of housing production jump facility from banks

According to Iran Economist, quoted by Central Bank Public Relations, Mustafa Qamari Wafa stated: According to the law of jump in housing production, banks are obliged to pay housing construction facilities to qualified applicants in stages according to the progress of construction of units.

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

According to the Director General of Public Relations of the Central Bank, it is obvious that if a bank does not pay its share after completing the documents and depositing the cash contribution from the applicant, it will be subject to the tax penalty included in the Housing Production Jump Law.

Qamari Wafa stated: The Central Bank has previously notified the relevant circular to the banking network and is monitoring its implementation.