of May 23, 2024 No. 88
About modification of some legal acts of the Kyrgyz Republic in the field of lombard activities
Accepted by Jogorku Kenesh of the Kyrgyz Republic on April 11, 2024
Bring in part II of the Civil code of the Kyrgyz Republic (Sheets of Jogorku Kenesh of the Kyrgyz Republic, 1998, No. 6, the Art. 226) the following change:
to add Item 1 of Article 726 with paragraphs second and third the following content:
"The lessor shall provide to the borrower information on the size of the annual effective interest rate of loan which shall be open available to the borrower and cannot be subject of trade secret.
The lessor has no right to change and supplement unilaterally terms of the contract of loan if it worsens situation of the borrower and/or increases its obligations.".
Bring in the Law of the Kyrgyz Republic "About restriction of usurious activities in the Kyrgyz Republic" (Sheets of Jogorku Kenesh of the Kyrgyz Republic, 2013, No. 7, the Art. 920) the following change:
to add part 1 of Article 6 with the paragraph the second the following content:
"The size of maximum permissible annual effective interest rate of loan of pawnshop is calculated proceeding from the weighted nominal interest rate determined by National Bank of the Kyrgyz Republic to which 12 percent are added.".
Bring in the Law of the Kyrgyz Republic "About exchange of credit information" (Sheets of Jogorku Kenesh of the Kyrgyz Republic, 2014, No. 10, the Art. 826) the following changes:
Article 5 to add 1) with part 6 of the following content:
"6. The information according to the loan agreement provided by pawnshop is stored one year after which they are excluded by credit bureau from credit history of the borrower.";
Item 7 of part 1 of Article 14 to add 2) with the paragraph the sixth the following content:
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system
If you cannot find the required document, or you do not know where to begin, go to Help section.
In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.
You also may open the section Frequently asked questions. This section provides answers to questions set by users.