RUS CB Consumer Loan Agreements

Updated on: Dec 24, 2024

Latest Event


  • Dec. 2024 Ord Issued
  • On Dec. 19, 2024, RUS CB issued ord 6899-U on requirements for the conditions and procedure for providing the service of entering information into the credit history about the prohibition (removal of prohibition) on concluding consumer loan agreements when a credit history subject – an individual – applies to a multifunctional center for the provision of state and municipal services.
  • The ordinance enters into force on Mar. 1, 2025.

On Jul. 26, RUS CB proposed rules on consumer loan agreements.

  • RUS CB proposed ord on requirements for the conditions and procedure for providing the service of entering information into the credit history about the prohibition (removal of prohibition) on concluding consumer loan agreements when a credit history subject – an individual – applies to a multifunctional center for the provision of state and municipal services.
  • Consultation documents are only available on RUS CB website until comment deadline.
  • Proposals
  • RUS CB developed the proposed ordinance based on law 218-FZ on credit histories.
  • The ord establishes requirements for conditions/procedure for the service of adding information to a credit history regarding prohibition on entering into a consumer loan.
  • Specifically, for consumer loan agreements when a credit history subject, an individual, applies to a multifunctional center for the provision of state and municipal services.
  • Effectiveness
  • Comments and feedback are expected by Aug. 8, 2024.
  • In Jul. 26, 2024, RUS CB proposed ord on loan agreement information, see #220652.rr
  • Dec. 2024 Ord Issued
  • On Dec. 19, 2024, RUS CB issued ord 6899-U on requirements for the conditions and procedure for providing the service of entering information into the credit history about the prohibition (removal of prohibition) on concluding consumer loan agreements when a credit history subject – an individual – applies to a multifunctional center for the provision of state and municipal services.
  • The ordinance enters into force on Mar. 1, 2025.
Regulators
RUS CB
Entity Types
Bank; CNSM; CRB; CU
Reference
PR 12/19/2024; Ord 6899-U, 10/14/2024; CP, 7/26/2024; Law 218-FZ, 12/30/2024;
Functions
Compliance; Financial; Legal; Reporting; Risk; Suitability; Treasury
Countries
Russia
Category
State
N/A
Products
Banking; Cards; Deposits; Loan; Payments
Rule Type
Final
Regions
EMEA
Rule Date
Jul 26, 2024
Effective Date
Mar 1, 2025
Rule ID
220650
Linked to
Reg. Last Update
Dec 19, 2024
Report Section
International