Government document aimed at strengthening the protection of the interests of citizens and the strengthening of trust between borrowers and lenders. After the law came into force, banks will no longer be able to include in credit contracts a mandatory item on the account, which extinguished the debt, the minimum balance. As explained previously, the Prime Minister of the Russian Federation Mikhail Mishustin, now account for the entire month to keep empty, except for the day when the Bank should write off the next payment.
the Specified requirement was excessive, I am sure the Chairman of the state Duma Vyacheslav Volodin. “Especially now, when due to the effects of the spread of coronavirus infection many people are faced with financial difficulties,” he added in comments to journalists. According to the speaker of the house, it is enough that the person promptly and responsibly repay debt. The new bill, he said, allows the borrower within one month freely dispose of all your resources.
in addition, banks will not be able to impose additional services. If the loan is taken for a period of more than years, the borrower does not have to parallel to conclude the insurance contract for the entire term of the loan. Also banks are not allowed to require as a condition for the loan purchase for a fee additional services rendered by the creditor or by third parties.
Government initiative restricts the maximum size of the penalty for the failure of the borrowers obligations to repay the loan – it cannot exceed 20% of the overdue debt.
the bill, according to the Cabinet, will reduce the expense of borrowers, upon receipt and service of consumer loan.
the Law, if adopted, will come into force after 180 days from the date of publication.
Adopted in the first reading and one bill in favor of clients of banks: he forbids the latter to refuse service and to block their accounts without explanation. The adoption of the law will make the banking system more transparent and improve her confidence of citizens and business, says Vyacheslav Volodin.
