Financial Supervisory Commission
Laws and Regulations Retrieving System

1. The contract shall not contain any agreement on relinquishing the right to a contract review period.

2. The contract shall not contain any clause that requires borrower to furnish a signed promissory note or loan note as security.

3. The contract shall not contain any agreement on higher than 20% annual interest rate for the loan.

4. The contract shall not contain any clause that says the bank’s advertisements and oral agreement with borrower do not constitute a part of the contract, or the bank’s advertisements are for reference only.

5. The contract shall not contain a prepayment penalty clause, unless the bank offers favorable loan conditions and restricted payoff period at the same time.

6. The contract shall not contain any clause that authorizes the bank to inquire the tax data of borrower or guarantor at any time.

7. When the grant of loan is connected to a merchandise or service, the contract shall not contain any clause that does not allow borrower to withdraw, terminate or cancel the payment (disbursement) instruction without the consent of the merchandise or service provider.

8. The contract shall not contain other clauses that violate the mandatory or prohibitory provisions of law, or agreements that are against the principle of good faith or apparently unfair.