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Is the money lent to the property by the industry Committee legal?
Illegal. According to Article 62 of the Property Management Regulations, the owners' committee shall rationally use the owners' property service funds in accordance with the decision of the owners' general meeting, and shall not use them for other purposes. Without the decision of the owners' meeting, the industry committee lends the owners' property service funds, which violates the relevant provisions of the Property Management Regulations.
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