Entered into force the law on the resumption of lending

Вступил в силу закон о возобновлении кредитования

In Ukraine the law on the resumption of lending

The document should reduce the risk to lenders in the implementation of credit operations, which will make Bank loans more affordable.

Sunday, December 4, in Ukraine comes into force a law on the resumption of lending, the document which was published yesterday in the government newspaper Holos Ukrainy.

“The law shall enter into force on the day following the day of its publication, and shall be enforced after three months from the date of entry into force of this law”, – stated in it.

It is expected that with the entry into force of the instrument should decrease the risks of creditors in the implementation of credit operations that will facilitate access of economic entities and natural persons to make use of Bank loans.

The legislation will protect the rights of the creditor-mortgagee, the document will legally protect the institution guarantees.

In addition, it is envisaged that banks will be able to important credit information about the borrower. Will not be possible alienation of the mortgaged property without the consent of the creditor Bank.

Reduced risk of evasion of the credit obligations in the case of inheritance of property of the borrower.

We will remind, the law on the resumption of lending to Ukraine’s President Petro Poroshenko signed on Wednesday, October 31. He was adopted by the Verkhovna Rada on 3 July.


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