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Article 211-2. Violation by the person to whom the right (claim) has been assigned under a bank loan agreement or a micro-loan agreement of the requirements and restrictions imposed by law on the relationship between the lender and the borrower of the Code of Administrative Offenses
1. Unilaterally changing the terms of a bank loan agreement or a micro-loan agreement, except in cases of their improvement for the borrower, –
entails a fine in the amount of one hundred and fifty monthly calculation indices.
2. Assignment by a person to whom the right (claim) has been assigned under a bank loan agreement or a micro-loan agreement concluded with an individual to other persons not provided for by the laws of the Republic of Kazakhstan "On Banks and Banking Activities in the Republic of Kazakhstan" and "On Microfinance Organizations", –
entails a fine in the amount of one hundred and fifty monthly calculation indices.
3. Collection of commissions and payments from the debtor upon transfer of the creditor's rights (claims) under the assignment agreement not provided for by the bank loan agreement or the microcredit agreement, –
entails a fine in the amount of one hundred and fifty monthly calculation indices.
Notes.
1. For the purposes of this article, a person to whom a right (claim) has been assigned under a bank loan agreement is understood to be a collection agency, a bank, or a bank branch. – a non-resident of the Republic of Kazakhstan, an organization engaged in certain types of banking operations, a subsidiary of a bank acquiring questionable and uncollectible assets of its parent bank, an organization specializing in improving the quality of second-tier banks' loan portfolios, a special financial company established in accordance with the legislation of the Republic of Kazakhstan on project financing and securitization, in a securitization transaction.
2. For the purposes of this article, a person to whom a right (claim) has been assigned under a microcredit agreement is understood to be a collection agency, an organization engaged in microfinance activities, a special financial company established in accordance with the legislation of the Republic of Kazakhstan on project financing and securitization, in a securitization transaction.
President
Republic of Kazakhstan
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