of December 21, 2017 No. 293
About some measures for implementation of the state program "First house"
The Parliament adopts this organic law.
The purpose of this law is creation of the legal base for implementation of the state program "First house" (further – the Program) and simplification of access for physical persons to acquisition of housing by the conclusion of agreements on the mortgage loans which are partially guaranteed by the state.
(1) the Subject of the Program is housing in the form of apartments or individual apartment houses located in the territory of the Republic of Moldova.
(2) Housing specified in part (1), it shall be complete and put in operation about day of the request of the beneficiary of the Program for mortgage loan.
Subjects of the Program are:
a) the beneficiary – the physical person answering to the selection criteria provided by the Program and obtaining mortgage loan within the Program;
b) the creditor (financing bank) – the bank which obtained the license of National Bank of Moldova according to provisions of the current legislation and allowed to participation in the Program;
c) the guarantor – the Government on behalf of the Ministry of Finance which allocates public organization "Organization for Development of Entrepreneurship" (further – PU ORP) the right to issue guarantees from name and at the expense of the state for benefit of the creditor within the limits which are annually approved on these purposes by Parliament.
(1) For receipt of mortgage loan within the Program the physical person shall correspond in total in total to the following criteria:
a) be citizen of the Republic of Moldova;
b) be resident of the Republic of Moldova in the value determined in Item 5) of article 5 of the Tax Code No. 1163/1997;
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