RESOLUTION OF NATIONAL BANK OF THE REPUBLIC OF MOLDOVA

of May 19, 2022 No. 101

About approval of Regulations about responsible consumer lending by banks

Based on the item (c) of part (1) Art. 27, item (a) of Art. 44 of the Law on National Bank of Moldova No. 548/1995 (переопубликован: Monitorul Oficial al Republicii Moldova, 2015, No. 297-300, the Art. 544), with subsequent changes, Art. 38-1 and Art. 84 of the Law on activities of banks No. 202/2017 (Monitorul Oficial al Republicii Moldova, 2017, No. 434-439, the Art. 727), with subsequent changes, the Executive committee of National Bank of Moldova DECIDES:

1. Approve Regulations about responsible consumer lending by banks it (is applied).

2. This resolution becomes effective on July 1, 2022.

Approved by the Resolution of National Bank of the Republic of Moldova of June 3, 2022, No. 101

Regulations about responsible consumer lending by banks

Chapter I. Scope

1. These Regulations establish for banks of the Republic of Moldova, and also departments of banks of other states in the Republic of Moldova (further - "creditors") requirements of responsible crediting according to which creditworthness of consumers in case of the credits for consumers is estimated.

2. The creditor applies provisions of these regulations on individual basis.

3. Provisions of these regulations extend to agreements of the credits for consumers.

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