Money in dollars is going to be allowed to borrow only from close relatives.
A bill has been introduced in the “chamber” that should seriously change the rules for loans between citizens, individual entrepreneurs and organizations, onliner.by reports.
The key changes include:
– a ban on loans from sole proprietorships and legal entities – which do not have the status of a microfinance organization – an exception will be made only for their own employees;
– it will be impossible to borrow money in foreign currency if the borrower and the one who gives money are not close relatives;
– loans on the security of the only house will be prohibited;
– it is also proposed to limit the amount of interest and penalties (fines and penalties) on loan agreements between individuals;
– it is prohibited to use such words as “loan”, “microloan”, “loan money” in advertising, if the advertiser is not a microfinance organization.
The bill was initiated by the government and is now under consideration by the deputy standing committee on budget and finance. On May 15, it was discussed at an expanded meeting with the participation of deputies and representatives of specialized agencies.
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