Approved by Board of the Central Bank of the Republic of Uzbekistan of April 15, 1995 No. 66

(The protocol No. 9 of April 15, 1995)

Rules of financing of the construction of facilities of trade and services industry performed by private owners

According to the Presidential decree of the Republic of Uzbekistan of January 21, 1994 "About measures for further deepening of economic reforms" organizations of bank grant to ensuring protection of private property and development of entrepreneurship the loans for construction of facilities of trade and services industry, performed on the basis of private property.

1. The loans are granted to the physical persons and legal entities performing construction (hereinafter referred to as by "borrower"), in the place of their residence (registration), on contractual basis, on the security of the real estate.

The credit agreement is drawn up on all credit amount, consists for the term of use of the loan and is signed by the head of bank and the borrower.

2. In the agreement are specified: agreement parties, their status, the purpose and credit amount, conditions of its issue and repayment, the obligation of the borrower on ensuring credit recovery (pledge), the size of interest rate for the credit, payment procedure of principal debt and percent on the credit, function of the borrower and bank during the crediting, sanctions for non-execution or partial obligation fulfillment of agreement parties.

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