This is normal, and this is how personal housing mortgage loans are operated.

When the bank transfers the loan to your account, it means that the bank has issued the loan to you as agreed. When the bank transfers the money, it pays the loan to the house developer in accordance with the loan agreement, which means that you paid the house price. , earmarked for special use.

This is a normal business procedure that clearly clarifies the responsibilities and obligations of all parties and is acceptable.

Extended information:

Commercial Bank Entrusted Loan Management Measures

Chapter 2, Business Management

Article 6, Commercial Banks shall In accordance with these Measures, an entrusted loan business management system shall be formulated to reasonably determine the division of responsibilities among departments and positions.

Clear the scope, qualifications and access conditions of the client, as well as the entrusted loan business process and risk control measures, etc., and conduct regular evaluations and timely improvements.

Article 7: When a commercial bank accepts an application for entrusted loan business, it must meet the following prerequisites:

The client and the borrower agree on the conditions for the entrusted loan.

If the entruster or borrower is a non-natural person, a resolution, document or certificate with equivalent legal effect indicating that the authorized institution agrees to handle the entrusted loan business shall be produced.

Commercial banks are not allowed to accept entrusted loan business applications where the principal is a financial asset management company or a loan business institution.

Article 8: When a commercial bank is entrusted with entrusted loan business, it shall require the client to assume the following responsibilities and make clear stipulations in the contract.

Determine the borrower of the entrusted loan by yourself, and review the borrower's qualifications, loan projects, guarantor qualifications, mortgages, etc.

Ensure that the source of entrusted funds is legal and compliant and that the client has the right to control it independently, and provide entrusted funds to commercial banks in a timely manner as stipulated in the contract.

Supervise the borrower’s use of loan funds in accordance with the contract, ensure that the loan purpose is legal and compliant, and bear the borrower’s credit risk.

Article 9: When a commercial bank examines the source of the client's funds, it shall require the client to provide relevant documents proving the legality and compliance of its source of funds or relevant certificates with equivalent legal effect.

Carry out necessary review of the client's financial statements, credit records, etc., focusing on strengthening the review and calculation of the following content:

Whether the client's entrusted funds exceed its normal sources of income and financial strength.

If the client has a credit balance in the bank, the commercial bank should reasonably calculate the client's own funds and use the calculation as an important basis for issuing entrusted loans.

Article 10, commercial banks shall not accept the following funds from the client to issue entrusted loans:

Others’ funds under entrusted management, and the bank’s credit funds.

Various special funds with specific purposes (unless otherwise specified by the relevant departments of the State Council).

Other debt funds (unless otherwise specified by the relevant departments of the State Council).

Funds whose source cannot be proven.

The funds raised by an enterprise group through the issuance of bonds and used within the group are not subject to the restrictions of this article.

Article 11: Loans entrusted by commercial banks should have clear purposes, and the use of funds should comply with laws and regulations, national macro-control and industrial policies. The use of funds shall not be for the following aspects:

Production, operation or investment in areas and purposes prohibited by the state.

Engaged in investments in bonds, futures, financial derivatives, asset management products, etc.

As registered capital, registration capital verification, equity investment or capital increase and share expansion (unless otherwise stipulated by the regulatory authorities), and other uses that violate regulatory regulations.

Article 12: Commercial banks shall charge agency fees from the principal in accordance with the principle of “whoever entrusts the agent pays”.

Article 13: After the commercial bank, the client and the borrower reach an agreement on the entrusted loan matters, the three parties shall sign an entrusted loan contract.

The contract should specify the loan purpose, amount, currency, term, interest rate, repayment plan, etc., and clarify the rights and obligations of the client, trustee, and borrower.

Article 14, if the entrusted loan adopts the form of guarantee, the client and the guarantor shall reach an agreement on the form of guarantee and the guarantor (property), and sign an entrusted loan guarantee contract.

Article 15: Commercial banks should require the client to open an account specifically for entrusted loans. The client should transfer the entrusted funds to the account before the entrusted loan is issued, and the commercial bank will issue the entrusted loan in the manner stipulated in the contract. Commercial banks are not allowed to collude with funds from different principals.

Article 16: Commercial banks shall clarify the main content and specific measures for assistance and supervision in the entrusted loan contract with the client and borrower, and perform corresponding duties as agreed in the contract.

Article 17: Commercial banks shall, in accordance with the entrusted loan contract, assist in recovering the principal and interest of the entrusted loan and transfer it to the client's account in a timely manner. If the principal and interest fail to arrive in time, the client should be informed promptly.

Article 18: After the entrusted loan expires, the commercial bank shall terminate the performance of the trustee's responsibilities and obligations according to the entrusted loan contract or the written notice of the entruster, and conduct corresponding accounting treatments.

If the entrusted loan is not repaid when it expires, the commercial bank shall provide assistance to the client in safeguarding its rights according to the law in accordance with the entrusted loan contract.

China Government Website-Notice of China Banking Regulatory Commission on Issuing Measures for the Administration of Entrusted Loans of Commercial Banks