Ministry of Justice: pre-judicial withdrawal of mortgage property - only for those credits which any more didn't give out

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The Ministry of Justice declares possibility of pre-judicial withdrawal of mortgage property on the credits only in case the credit agreement was signed after January 14, 2009.

About it it is spoken in the message of Ministry of Justice.

"The Ministry of Justice pays attention that changes (concerning pre-judicial withdrawal of mortgage property) can be applied only to the mortgage contracts signed after coming into effect of the law "About Prevention of Influence of World Financial Crisis on Development of Construction Branch and Housing Construction", that is - to the mortgage contracts signed after January 14, 2009", - is spoken in the message.

According to the credit agreements signed till January 14, 2009, withdrawal of pledges probably only after the corresponding judgment.

The Ministry of Justice emphasizes that for practical use of the new mechanism of pre-judicial withdrawal of the pledge, modification in a row laws is necessary: "About a mortgage", "About a notariate", "About the state registration of property rights for real estate".

In this regard Ministry of Justice together with representatives of the banking sector intend to create the working group which will be engaged in development of changes to the legislation in the sphere of realization of mortgage property.


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