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THE RESOLUTION OF BOARD OF THE AGENCY OF THE REPUBLIC OF KAZAKHSTAN ON REGULATION AND DEVELOPMENT OF THE FINANCIAL MARKET

of October 19, 2020 No. 102

About modification and amendments in the resolution of Board of National Bank of the Republic of Kazakhstan of November 29, 2019 No. 232 "About approval of the Procedure for the conclusion of the agreement on provision of the microcredit, including requirements to content, registration, compulsory provisions of the agreement on provision of the microcredit, form of the repayment schedule of the microcredit"

According to Item 3 of article 4 of the Law of the Republic of Kazakhstan of November 26, 2012 "About microfinancial activities" Board of the Agency of the Republic of Kazakhstan on regulation and development of the DECIDES: financial market

1. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of November 29, 2019 No. 232 "About approval of the Procedure for the conclusion of the agreement on provision of the microcredit, including requirements to content, registration, compulsory provisions of the agreement on provision of the microcredit, form of the repayment schedule of the microcredit" (it is registered in the Register of state registration of regulatory legal acts at No. 19697, it is published on December 11, 2019 in Reference control bank of regulatory legal acts of the Republic of Kazakhstan) the following changes and amendments:

according to the procedure of the conclusion of the agreement on provision of the microcredit, including requirements to content, registration, compulsory provisions of the agreement on the provision of the microcredit, form of the repayment schedule of the microcredit approved by the specified resolution:

state item 4 in the following edition:

"4. The agreement contains the conditions established by the legislation of the Republic of Kazakhstan for agreements of the corresponding type, the conditions determined by agreement of the parties and also the following compulsory provisions:

1) general terms of the agreement;

2) borrower's rights;

3) rights of the organization;

4) obligations of the organization;

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