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Article 23

No: 1229

Effective from Feb 20 2013 - May 16 2013
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The Real Estate Refinance Company shall not:

1.Provide financing to a real estate finance entity using real estate finance contractual rights as collateral before such rights have been transferred to the real estate refinance company as collaterals;
 
2.Provide real estate finance to borrowers; and
 
3.Ease real estate finance conditions with the objective of affecting housing prices in a way that is contrary to best practices of credit and risk management.