After installation payment is permitted, how should I handle subsequent procedure? After completion of installation payment application, if payment is not handed in on time, what are the legislative consequences?
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- Last updated：2023-06-15
- View count：1084
According to Administrative Execution with Installation Payment Act article 5, point 1, obligors or third party should establish guarantee document, provide substantial warranty, or hand in guarantee certificate to institutions’representatives. Meanwhile, transferring departments should issue receipts to obligors and executors. After completion of application procedure, if obligors pay insufficient amount or not pay on time, Administrative Enforcement Agency may abandon the installation payment agreement, due to Administrative Execution with Installation Payment Act article 5, point 2.