The Verkhovna Rada of Ukraine adopted the Law “On moratorium on recovery of property of the citizens of Ukraine that was provided to secure credit in foreign currency”

Information Department of the Verkhovna Rada of Ukraine Secretariat
03 June 2014, 17:45

 The law stipulates placing a moratorium on compulsory alienation of movable and immovable property of borrowers (debtors) that have loan obligations under consumer loan agreements in foreign currency until the legislation on conditions and procedure of conversion of obligations under consumer loan agreements in foreign currency into the national one comes into force.

The law was adopted with consideration of proposals.

The respective bill was registered under No.4953.