Chapter of the Association of Regional Banks of Russia (Arbre) Anatoly Aksakov introduced to the Duma a bill on the peculiarities of concluding agreements with individual borrowers. This was reported on the website of the association. In Arbre believe that the law is to raise awareness about the conditions of borrowers and the real price of credit. The bill "On Amending the Federal Law" On banks and banking activity "and Article 10 of the RF Law" On Protection of Consumer Rights "is intended to determine the procedure for providing information to borrowers and its reflection in the loan agreement. According to the president Arbre Anatoly Aksakov, a bank customer will be able to better understand the credit terms offered to him, it will be easier to determine how much credit is needed, whether it satisfied the conditions and what are the prospects for the maintenance of this credit to its full maturity. Also, a bill introduced in the banking practices such legal concepts as "total fee for the loan" and "effective annual interest rate." In Arbre note that these concepts in the world are essential elements of the loan agreement, while in Russia they are entered in the various legislative enactments and thus deprived of a clear legal definition. Because of the confusion, conflicts arise between banks and their customers with respect to the loan agreement. Kommersant acquainted with the details of the bill. As the newspaper writes on Wednesday, April 20, the full amount of payments on the loan proposed to be in rubles. Moreover, in rubles are requested to indicate the currency and the price of credit. Speaking about the need for this law, the vice-president Arbre Oleg Ivanov explained that "the amount of payments in rubles is clearer indicator of the citizens than acting now, the effective rate as a percentage. According to Ivanov, the bill has already passed preliminary approval from the Securities and Rospotrebnadzor and is currently directed to the Finance Ministry. As the newspaper notes, the moment, prompting fears of market participants, has provided the bill rate estimates the total amount of payments on the loan in rubles, regardless of the currency of the loan. "The situation when the amount of monetary credit will be specified in the contract in rubles, will inevitably lead to turmoil in the credit market, - the head of the department to repay outstanding debt Raiffeisenbank Vlad Kotelnikov .- When the exchange rate of credit to the ruble loses a client, the reverse situation - a bank , the result can be questionable situation that ultimately the parties must be resolved in court. " Vice-President Arbre Oleg Ivanov told Kommersant that establish the definition of the total amount of payments on the loan is in rubles recommended that the central bank, since under the Civil Code the contract price can be established only in rubles. "We believe that the total amount of payments on foreign currency loans will be placed in the contract shall be determined by the rate at the date of its conclusion, but with the caveat that it may vary due to exchange rate fluctuations," - said vice-president of Arbre.
No comments:
Post a Comment