HDB answers to tackling loan sharks ''to register''

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How HDB is tackling loan sharks

WE THANK Ms Eng Lay Qing ('Innocent loan-shark victim's 3-year tale of endless woes'; Jan 19) and Mr Ranjan Chakraborty ('Protect HDB owners better against loan sharks'; Forum Online, Jan 26) for their feedback.

Moneylending by loan sharks is illegal and criminal and Housing Board residents should report harassment by loan sharks to the police immediately.

Under the law, a person who has an identity card must report his change of residence within 28 days. It is an offence to report a false address and offenders can be fined or jailed, or both.

Since April 2008, persons who apply to update their home address in their identity cards must furnish proof that they are living at that address to minimise the likelihood of loan-shark borrowers who use outdated or false addresses.

To protect residents better against loan-shark activities, HDB flat lessees who sublet their rooms must register the subletting with the board within seven days of doing so.

They must also notify HDB of any changes to their tenants' particulars, including the addresses, whenever they renew or terminate the subletting contract.

We are working closely with the relevant authorities to prevent innocent HDB residents from being harassed by loan sharks.

Loh Swee Heng
Deputy Director (Resale)
Housing & Development Board

 

[lurpsexx]

All Said About Nothing...

HDB just saying they will not be doing anything else for harassed tenants... n up to tenants to report to polis and hang onto their balls!
:oIo:

 

[@rmadill0]

How HDB is tackling loan sharks


To protect residents better against loan-shark activities, HDB flat lessees who sublet their rooms must register the subletting with the board within seven days of doing so.

I can understand what HDB is trying to do here. Say for example, someone borrowed money from loansharks and defaulted payments. Sold his flat to an unknowing victim who get harassed by loansharks runners thereafter. If that farker had bought another HDB flat or rented the entire unit from someone, HDB would have no problem telling the police where that farker is staying. Problem is if he only rent a room. Previously, subletting a room you can just do it without informing HDB. With this new initiative, it would make it harder for the farker to hide, unless he goes Changi Beach pitch tent or sleep under flyovers. Of course, he can put up with his friends or relatives. So still not 100%.

 

[YellowRibbon]

I can understand what HDB is trying to do here. Say for example, someone borrowed money from loansharks and defaulted payments. Sold his flat to an unknowing victim who get harassed by loansharks runners thereafter. If that farker had bought another HDB flat or rented the entire unit from someone, HDB would have no problem telling the police where that farker is staying. Problem is if he only rent a room. Previously, subletting a room you can just do it without informing HDB. With this new initiative, it would make it harder for the farker to hide, unless he goes Changi Beach pitch tent or sleep under flyovers. Of course, he can put up with his friends or relatives. So still not 100%.

Only HDB need to register. Private property dont need. So he can stay in Condo