AUB encourages Rada did not give borrowers the right to demand from banks in court renegotiation of credit agreements
Association of Ukrainian Banks considers it unnecessary adoption by the Verkhovna Rada the bill number 4382, which provides borrowers with the right to require banks to judicially review the conditions of credit agreements.
This is stated in the message AUB.
According to the relevant expert conclusions on the inappropriate adoption of the bill sent to AUB”s parliamentary committee on legal policy and the Committee on Finance and Banking.
AUB emphasizes that the authors of the bill (MP Alexander Feldman and Oleg Gaiman from the BYuT faction) propose to solve the problem of insolvency by amending the loan agreement agreed by both sides, with the bill entitles the borrower to apply to the court to change the credit contract if the bank within 30 days of receipt of the application of the borrower does not reach agreement with
AUB admits that the adoption of this bill could provoke a situation where the borrower is known to make such conditions Restructuring (credit), which can not be taken by the bank in order to continue to defend its right in court to evade repayment .
Association believes that the adoption of this bill could lead to a reduction of loan payments due to the massive recourse to the banks with the requirements of the review of credit agreements.
As reported, the bill № 4382 “On Amending the Law on Banks and Banking Activity” (with respect to support borrowers in the financial crisis), “submitted to the parliament deputies, Alexander Feldman and Oleg Gaiman from the Yulia Tymoshenko Bloc and registered Rada in April 16, 2009.
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December 14, 2009 the authors of the bill registered in the parliament a new draft of the document (for replacement).
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