LAW OF THE AZERBAIJAN REPUBLIC

of April 5, 2016 No. 191-VQD

About introduction of amendments to the Law of the Azerbaijan Republic "About the state real estate register"

Being guided by Item 13 of part I of article 94 of the Constitution of the Azerbaijan Republic, Millie decides Majlis of the Azerbaijan Republic:

In the Law of the Azerbaijan Republic "About the state real estate register" (Collection of the legislation of the Azerbaijan Republic, 2004, No. 8, Article 603; 2006, No. 6, Article 482; 2007, No. 8, Article 745; 2008, No. 3, Article 154; 2009, No. 12, Article 948; 2011, No. 11, Article 983; 2012, No. 6, Article 509; No. 7, Article 688, No. 11, Article 1053; 2013, No. 6, Article 607, No. 7, Article 791, No. 12, Article 1484; 2014, No. 1, Article 7, No. 2, Article 97, No. 6, Article 604; 2015, No. 3, Article 255) to make the following changes:

1. Add with Article 5.1-3 of the following content:

"5.1-3. For the purpose of receipt of data concerning the property which is in mortgage communication between the state real estate register and information systems of the Central bank of the Azerbaijan Republic, supervision body behind the financial markets, mortgage funds, banks mortgage holders and other credit institutions is created.".

2. In Article 9.2 of the word "no later than 20 days" shall be replaced with words "within 10 working days" and to add with the second and third offers of the following content:

"The term of registration of the rights to real estate in connection with work on delimitation and inventory count, necessary for registration of the property right to real estate and other corporeal rights, can be extended by body of registration for 5-day term. In this case the notice shall be handed to the applicant.".

3. In the second offer of article 14.2 to replace figure "10" with figure "7".

4. In article 20.3 to replace figure "5" with figure "3".

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