Research On Legal Problems And Countermeasures Of Housing Reverse Mortgage For Old-aged Care

The problem of aging population is becoming increasingly serious in China. However,the social old-age security system is incomplete and the coverage rate is low. Besides, the society's endowment system has a late start and low standards. Therefore,the country's planned old-pension fund is inadequate to deal with the increasingly growing elderly population. For all the above reasons, how to enrich and complete China's social old-age security system, activate the society's capital, expand the channels of the old-age security capital, as well as how to better solve the old-age security problem have become an important and urgent topic of the era. Just in this social context, the means of the Housing Reverse Mortgage for Old-Aged Care is adopted in various places as pilots. However,as it is a rising means of old-age security in China, therefore, many problems exist in the exploration, and many things need to be improved.Firstly, this paper tries to clarify the concepts of "Housing reverse mortgage for old-aged care" and "house-for-pension", and analyzes its necessity and feasibility. Then, the regulations of the current "Housing reverse mortgage for old-aged care" are reviewed and the situations of pilots in each place are analyzed. Next, it makes a through inquiry into the problems that have occurred when the "Housing reverse mortgage for old-aged care" is being implemented in China: Chinse laws and regulations concerning the Housing reverse mortgage for old-aged care are ineffective in the implementation, easy in contents, and the relevant matching laws and regulations are incomplete for Housing reverse mortgage for old-aged care, which make it impossible to guarantee the interests and rights of elders and participated institutions.Meanwhile, the system of implementing the Housing reverse mortgage for old-aged care is chaotic, and the government is ineffective in giving play to the guiding, supervising and establishing the risk mechanism. Meanwhile, individuals' old-age security concepts are outdated, and the current operation model is singular. Finally, this paper proposes relevant countermeasures for the problems that have been found out. 1. Complete relevant laws and regulations, establish the legal system of the Housing reverse mortgage for old-aged care system, sub-divide relevant regulations and contents, and introduce the matching laws and regulations. 2. Define the government's guiding role and give play to the government's functions of supervision and establish the risk-sharing mechanism. 3. Enhance the propaganda and education to change people's old-age security thinking, enrich the types of models of operating the Housing reverse mortgage for old-aged care", and improves the relevant housing property system, so as to make the Housing reverse mortgage for old-aged care develop towards legalization and normalization, make up for the defects of the current old-age security model and inject power force of China's old-age security cause, allowing elders to be taken good care of and enjoy a happy life.