ORDER OF THE GOVERNMENT OF THE KYRGYZ REPUBLIC

of February 25, 2019 No. 93

About modification of the order of the Government of the Kyrgyz Republic "About approval of the Procedure of payments of the coefficients applied to benchmark interest rate on the public mortgage loan" of August 24, 2017 No. 534

For the purpose of implementation of article 10 of the Law of the Kyrgyz Republic "About the state mortgage housing lending", according to articles 10 and 17 of the constitutional Law of the Kyrgyz Republic "About the Government of the Kyrgyz Republic" the Government of the Kyrgyz Republic decides:

1. Bring in the order of the Government of the Kyrgyz Republic "About approval of the Procedure of payments of the coefficients applied to benchmark interest rate on the public mortgage loan" of August 24, 2017 No. 534 the following changes:

according to the procedure of calculation of the coefficients applied to benchmark interest rate on the public mortgage loan, approved by the above-stated resolution:

- in Item 2:

state paragraph two in the following edition:

"-investment portfolio - set of remaining balance of mortgage loan debt, issued by banks from means of authorized body in the field of mortgage housing lending for certain date;";

add with the paragraph third the following content:

"-settlement period - the period equal to term during which settlement transactions (no more than 12 months) are performed;";

- add Chapter 3 with Item 3-1 of the following content:

"3-1. The size of final interest rate for the public mortgage loan issued from financial resources of investors is established in accordance with the terms of the signed agreement, taking into account market conditions, the principles of responsible financing and the best practices in housing financing.";

- in the paragraph the second item 4" + K3" to exclude coefficient;

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