Rental Housing Market Development and Regulation Act Article 22

If the guarantee bond of operation that the rental housing service business should pay exceeds a certain amount of money, a letter of guarantee provided by a financial institution may guarantee this excess.The guarantee bond of operation referred to in Paragraphs 2 and 3 of Article 19 shall be deposited in a special guarantee bond account opened in a financial institution named by the National Joint Trade Association of Rental Housing Service Business of the R.O.C. (hereinafter referred to as the National Joint Association), and a management committee shall be in charge of the account; the interest generated by the bond shall be earmarked toward developing a sound rental housing service management system.Representatives from the rental housing service businesses in the management committee referred to in the previous Paragraph shall not fill more than two-fifths of the seats on the committee. The competent authority in the central government shall specify rules regarding the organization of the management committee and the management of the guarantee bond of operation.The guarantee bond of operation shall be spent under no circumstances but those referred to in Paragraph 4 of Article 31.If the guarantee bond a rental housing service business pays is below the amount specified by Paragraph 3 of Article 24, the National Joint Association shall demand that the rental housing service business make up the payment within a month. The National Joint Association shall inform the competent authorities in municipalities or counties (cities) of any non-compliance and the latter may impose civil fines pursuant to Sub-Paragraph 3 of Paragraph 1 of Article 37.