Article 101-8. Guarantees of inviolability of housing payments of the Housing Relations Act
The seizure, foreclosure and suspension of spending operations on bank accounts opened as a personal special account to which housing payments are credited, as well as on the amounts of housing payments in savings accounts for the purposes determined by the Government of the Republic of Kazakhstan for the obligations of the recipient of housing payments, are not allowed.
Housing payments, money held in bank accounts in housing construction savings banks in the form of housing construction savings accumulated through the use of housing payments, are not subject to withdrawal to the budget, may not be the subject of collateral or other encumbrances on the obligations of the owner or other persons, except for contracts to ensure personal housing needs of recipients of housing payments.
The Law of the Republic of Kazakhstan dated April 16, 1997 No. 94.
President
Republic of Kazakhstan
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