Is it safe to supervise funds, and the importance of fund supervision

It is reliable to supervise funds in Lifangtong, because Lifangtong holds a payment business license issued by the People's Bank of China (each store has this certificate), and uses a special account with the customer's reserve gold to supervise the transaction funds in accordance with the central bank's regulations.

Further information: On July 10, 2014, Lifangtong obtained the "Payment Business License" issued by the central bank, and officially launched the fund depository product suitable for domestic second-hand housing transactions in December 2014, which is committed to providing housing transactions and living payments"Safe, convenient, transparent and simple"payment solutions. In December 2016, Lifangtong was rated"National high-tech enterprise"。

On July 9, 2019, the People's Bank of China issued the "July 2019 Non-bank Payment Institution Payment Business License" renewal announcement information, Lifangtong passed the renewal review, and the validity period of the payment business license was extended to July 2024.

As of 2020, Lifangtong's business has covered 103 cities across the country, providing payment services for more than 200 real estate brokerage brands across the country, ensuring zero loss of customer funds.

Lifangtong is a payment platform focused on real estate transactions. In real estate transactions, especially second-hand housing transactions, there are often certain risks in the security of the buyer's payment and the seller's real estate security. From the buyer's point of view, he is worried that after he pays the house price, the house will have property rights problems and cannot be transferred, such as the owner's house is seized, occupied or there is a large mortgage, etc., in these cases, it is often difficult to recover the house payment paid by the buyer; For the seller, it is worried that after the first transfer, the buyer will not have enough money to pay for the house, and he will lose both money.

It is based on these realities that Lifangtong has launched a series of housing payment supervision products based on its own platform.

Lifangtong solves the problem of distrust between buyers and sellers by carrying out intermediary housing payment escrow. After signing the contract, the buyer can carry out the deposit custody through Lifangtong, and after receiving the buyer's deposit, Lifangtong will begin to verify the seller's property rights and determine that the house can be traded, and then unfreeze the house payment to the seller (otherwise, the deposit will be returned to the buyer), and then the buyer and seller will start the transfer, and the buyer will make the down payment into the Lifang account, and after confirming the receipt of the buyer's payment, Lifangtong will notify the owner to start the transfer, and after the transfer is completed, Lifangtong will unfreeze the house payment to the seller.

Fund supervision usually refers to the supervision of the funds of the Construction Committee, the Construction Committee requires that in addition to the loan part of the online signature, the others must be supervised, only if you see that the money on the supervision account of the Construction Committee is enough, the fund custody is to prevent and control risks, in addition to the money supervised by the Construction Committee, the custody of other down payment funds, the owner can not get this part of the money before the transfer, and the transfer is unfrozen, which is more conducive to the prevention and control of risks, and the housing management is a combination of capital supervision and trusteeship.

Summary. Safe. The funds supervised by Lifangtong are operated effectively under the dynamic monitoring of the central bank and are safe.

Safe. The funds supervised by Lifangtong are operated effectively under the dynamic monitoring of the central bank and are safe.

Hello from the Internet, please be cautious! Reliable +1, and bank supervision is the same, but also an upgraded version of the bank's four-party supervision, Lifangtong is a payment license issued by the central bank, and the same as the bank under the direct supervision of the central bank, you do capital supervision in Lifangtong is not to say that Lifangtong directly supervises you, they are also placed in the bank's reserve account, this account is not authorized to use without your instructions, very safe. Lifangtong has to submit a reserve statement to the central bank every quarter, or even every month, which is subject to national policies and protection, please rest assured because I have done all my homework to buy a house).

As we all know, in the process of second-hand housing transactions, from the signing of the sales contract to the completion of the housing transaction transfer, it also takes 7 working days at the earliest. It can be seen that due to the "time gap" between the buyer and the seller, according to the previous transaction experience, in order to ensure the safety of the housing payment funds in the transaction process, it is particularly important for all parties to the transaction to choose professional housing payment supervision products. The buyer, Mr. Xu, purchased the house located in Li'an Road, Chaoyang District through XX Company, and signed a sales contract in May 2012, with a total price of 3.3 million yuan.

The seller, Mr. Wang, informed that the house was mortgaged for $1.8 million. Subsequently, after negotiation with Mr. Xu, he paid a deposit of 100,000 yuan and a down payment of 1.7 million yuan, totaling 1.8 million yuan, to cooperate with the seller to go through the procedures for the release of the real estate, and did not supervise it. After the loan was approved, the seller Mr. Wang delayed until the end of 2012, and after verification, the seller Mr. Wang did not take the down payment to handle the mortgage, and the debt increased from 3 million yuan to 3.45 million, and the transaction could not continue, and the buyer, Mr. Xu, did not buy the house and could not recover the down payment of 1.8 million yuan, which could only be resolved through litigation.

After a long period of travel, the final judgment was finally issued in 2014, and the court entered the enforcement stage, and the buyer, Mr. Xu, finally recovered his money and ...... after two and a half years

It's too rubbish, this system, the customer's attitude is also very poor, because of the reason of the housing pass, the nuclear room is not successful, let the contract be terminated. There is no responsibility at all.

There are three main guarantee mechanisms:

1. Face-to-face identity verification: Lifang Tong adheres to the principle of "know your customer", establishes and improves the customer identification mechanism, signs relevant cooperation agreements with merchants, verifies customer identity information in a face-to-face manner, and ensures real-name transactions.

2. Account separation system: Lifangtong's own account and customer reserve account are managed separately to ensure that customer funds are not misappropriated.

3. Fund path locking: Lifangtong locks in the customer's capital flow, and the house payment can only be unfrozen to the seller or returned to the buyer.

"Deposit guarantee" means that Lifangtong will put the deposit in the bank reserve account, and then there will be a housing specialist to immediately verify the property rights of the transaction house, and then pay the seller's deposit after confirming that the house can be traded, if the house is sealed, mortgaged, occupied, etc. "Housing Payment Insurance" is a performance payment product launched by Lifang Tong for large down payments. Through the protection of the house payment, it is guaranteed that the buyer can transfer the property in time, ensure that the owner can collect the money in time, and if there is a problem with the transfer, the house payment can be returned to the buyer directly.

You must verify your real name and swipe your bank card to make a transaction.