RESOLUTION OF THE CABINET OF MINISTERS OF THE REPUBLIC OF UZBEKISTAN

of May 25, 2009 No. 148

About approval of the Regulations on procedure for preferential mortgage lending by the participating commercial banks - JSB Kishlok kurilish bank, National Bank of foreign economic activity of the Republic of Uzbekistan, AKIB "Ipoteka bank", JSC People's Bank, JSB Usak bank and JSB Uzpromstroybank of construction of individual apartment houses and new types of available apartment houses according to standard projects in the rural zone

In pursuance of resolutions of the President of the Republic of Uzbekistan of March 30, 2009 No. PP-1083 "About creation of Kishlok Kurilish Bank joint stock bank and of October 21, 2016 No. PP-2639 "About the Program for construction of available apartment houses for updated standard projects in the rural zone for 2017 - 2021", for the purpose of further development of individual housing construction in the rural zone the Cabinet of Ministers decides:

1. Approve Regulations on procedure for preferential mortgage lending by the participating commercial banks - JSB Kishlok kurilish bank, National Bank of foreign economic activity of the Republic of Uzbekistan, AKIB "Ipoteka bank", JSC People's Bank, JSB Usak bank and JSB Uzpromstroybank of construction of individual apartment houses and new types of available apartment houses according to standard projects in the rural zone according to appendix.

2. Recommend to legal entities for the purpose of stimulation of labor activity of the workers and rendering material support to them on construction of housing to sign, in accordance with the established procedure, the agreements on financial assistance providing payment of the initial contributions, and also repayment of percent and principal debt on mortgage loans.

3. To the ministries and departments to bring the regulatory legal acts into accord with this resolution in a month.

4. To impose control of execution of this resolution on the First Deputy Prime Minister Azimov R. S.

Appendix

to the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan of May 25, 2009 No. 148

Regulations on procedure for preferential mortgage lending by the participating commercial banks - JSB Kishlok kurilish bank, National Bank of foreign economic activity of the Republic of Uzbekistan, AKIB "Ipoteka bank", JSC People's Bank, JSB Usak bank and JSB Uzpromstroybank of construction of individual apartment houses and new types of available apartment houses according to standard projects in the rural zone

I. General provisions

1. This Provision determines procedure for issue by the participating commercial banks - JSB Kishlok kurilish bank, National Bank of foreign economic activity of the Republic of Uzbekistan, AKIB "Ipoteka bank", JSC People's Bank, JSB Usak bank and JSB Uzpromstroybank (further - bank) soft mortgage loans to the population for construction of individual apartment houses and new types of available apartment houses by standard projects in the rural zone at the expense of target means.

2. For the purpose of this provision the following concepts are applied:

mortgage loan - long-term loan on construction of the individual apartment house or available apartment house according to the approved standard projects in the rural zone on the security of the built apartment house;

target means - the means of the Ministry of Finance and Fund of reconstruction and development of the Republic of Uzbekistan provided on preferential basis for construction of individual apartment houses and available apartment houses according to standard projects in the rural zone including the funds allocated by them for forming of the authorized capital of JSB Kishlok kurilish bank, and also means of the international and foreign financial institutions;

grace period - the period during which delay on repayment of principal debt on the credit is granted;

the individual apartment house - one or several residential buildings with the subsidiary and economic structures and domestic constructions located on one parcel of land relating to them intended for permanent residence, rest and housekeeping (further - the apartment house);

the available apartment house - two - three-storyed apartment (2-3-roomed) apartment houses with outdoor constructions and the well-planned yards, one-storey 2 and 3-roomed apartment houses placed in densely populated areas on the parcels of land by the 0,02 size of hectare with outdoor constructions

the available apartment house - the one-storey 3-roomed (blocked) available apartment houses placed on the parcels of land by the 0,02 size of hectare and four-storeyed available apartment (2-and 3-roomed) houses;

the borrower - the citizen of the Republic of Uzbekistan who obtains mortgage loan on construction of the available apartment house in the rural zone and shall return the received amount on the conditions determined in the credit agreement;

the contractor - the specialized contract construction organization performing construction of the apartment house or available apartment house according to the approved standard projects in the rural zone;

the initial contribution - means of the borrower in the amount of at least 10 percent from the estimated cost of available apartment houses under construction in the form of own money of the borrower (co-borrowers) or the legal entity - the employer of the borrower or money of other persons, brought on the savings supplementary bank account opened addressed to the borrower;

the initial contribution - own means of the borrower in the amount of at least 15 percent from the estimated cost of available apartment houses under construction or in the amount of at least 25 percent from the estimated cost of the under construction two-storeyed 4-roomed blocked apartment houses placed on the parcels of land by the 0,04 size of hectare with outdoor constructions, and one-storey 3, 4, 5 room apartment houses placed on the parcels of land by the 0,06 size of hectare in the form of money of the borrower (co-borrowers) or the legal entity - the employer of the borrower or money of other faces deposited on the savings supplementary bank account opened addressed to the borrower;

mortgage based on the law - the mortgage type applied to providing obligations of the borrower according to the credit agreement in case of which the credit agreement involving emergence of mortgage based on the law is the basis for state registration of mortgage based on the law;

mortgage - pledge of real estate for the purpose of receipt of mortgage credit which is issued under mortgage of the apartment house under construction or the available apartment house together with the parcel of land in accordance with the established procedure;

the credit agreement - the agreement on provision of the mortgage loan issued for construction of the apartment house in the village signed between bank and the borrower (co-borrowers);

the agreement on mortgage - the agreement of the parties on establishment of mortgage in providing obligations according to the credit agreement;

solvency - the capability of the borrower (co-borrowers) on timely and full implementation of the payment obligations according to the credit agreement determined proceeding from the analysis of comprehensive incomes;

savings deposit - the purpose-oriented savings deposit opened for accumulation of the initial contribution in the amount of at least 10 percent from the estimated cost of available apartment houses under construction;

construction and housing savings deposit - purpose-oriented accumulation savings deposit over one year which opens for implementation of calculations for construction of the available apartment house and introduction of the initial contribution, and also providing privilege of the physical persons which opened this contribution to receipt of soft mortgage loan for construction of the available apartment house on condition of accumulating by the investor at least 10 percent from the estimated cost of the apartment house;

the standard project - the project developed and approved by design and survey institute of Kishlokkurilishloyikha LLC on construction of standard apartment houses or available apartment houses using modern construction materials and technologies taking into account climatic conditions and land relief, social and demographic features of regions of the republic. The standard project consists from: the plan of the parcel of land, with display of elevated and underground engineering communications; plans of the bases, cellars, floors, cuts and facades of the apartment house or available apartment house; estimate financial calculation.

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