The Verkhovna Rada of Ukraine adopted as a basis the bill

The Verkhovna Rada of Ukraine adopted as a basis the bill "On implementation of social initiatives of the President of Ukraine regarding cheapening of mortgage loans"

Information Department
Published on 22 June 2012, at 12:50

The bill (Reg. No. 10557) determines that the State Budget of Ukraine for 2013 and subsequent years should stipulate expenditures for compensation of interests paid to the banks and/or other financial institutions under credits received by the citizens for construction (reconstruction) or purchase of a dwelling.

The bill amends also a number of legislative acts of Ukraine: the Land Code of Ukraine and the Law "On Mortgage". And article 81 of the Law "On Land Lease" should be set forth in a new version.

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