Regulations Governing Subsidy of Interest on Debt Extension of Disaster-affected Residents Article 8

The head offices of financial institutions shall compile the subsidy request data of their branch offices, produce a subsidy request list, and submit the list to the managing bank for disbursement of subsidies in January, April, July and October each year before the 15th of the month.When an affected resident repays part of his/her debt, subsidy will be provided based on the outstanding balance of the debt; subsidy will cease when an affected resident pays off his/her debt ahead of time.A financial institution shall stop applying for interest subsidy on the debt of an affected resident when the financial institutions transfer the debt to the account of non-performing/non-accrual loans and forthwith inform the managing bank of the same in writing.