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 the legislation of the Republic of Kazakhstan on the relationship between the lender and the borrower

Home / RLA / 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 the legislation of the Republic of Kazakhstan on the relationship between the lender and the borrower

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 the legislation of the Republic of Kazakhstan on the relationship between the lender and the borrower

1. Changing the terms of a bank loan agreement or a micro-loan agreement without complying with the requirements provided for by the banking legislation of the Republic of Kazakhstan or the legislation of the Republic of Kazakhstan on microfinance activities, –

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 fees 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, an organization engaged in certain types of banking operations, a subsidiary of a bank acquiring doubtful and uncollectible assets of a 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, under 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, or a special financial company established in accordance with the legislation of the Republic of Kazakhstan on project financing and securitization in a securitization transaction.

Attention!

Law and Law Law Law draws your attention to the fact that this document is basic and does not always meet the requirements of a particular situation. Our lawyers are ready to assist you in legal advice, drawing up any legal document suitable for your situation.

For more information, please contact a Lawyer / Attorney by phone: +7 (708) 971-78-58; +7 (700) 978 5755, +7 (700) 978 5085.

Attorney at Law Almaty Lawyer Legal Services Legal Advice Civil Criminal Administrative Cases Disputes Protection Arbitration Law Firm Kazakhstan Law Office Court Cases

Civil Legislation of the Republic of Kazakhstan

Civil Legislation of the Republic of KazakhstanGeneral Analysis and Purpose of the NormArticle 3 of the Civil Code (CC) of the Republic of Kazakhstan defines the foundations o...