Joint Decree No. 303/9 of the Council of Ministers and of the National Bank validating the Regulation on transfer of land plots in private ownership in mortgage for land based credit.
Country
Type of law
Regulation
Abstract
This Joint Decree establishes that separate land plots can be transferred in mortgage for land based credits. Legal persona and natural persons that are Belarus nationals can be mortgagers if their ownership right to land plot is certified by state land certificate. Banks authorized by the President of Belarus shall be mortgagees. Amount of credit and the modalities of extinction thereof shall be determined by credit contract and mortgaged contract. In case of expropriation of the mortgaged land plot for public needs and concession to mortgager of another land plot in private ownership the right of mortgage shall be transferred to mortgagee if not otherwise envisaged by the legislation.
Attached files
Web site
Date of text
Repealed
No
Source language
English
Legislation Amendment
No
Original title
ПОСТАНОВЛЕНИЕ СОВЕТА МИНИСТРОВ РЕСПУБЛИКИ БЕЛАРУСЬ И НАЦИОНАЛЬНОГО БАНКА РЕСПУБЛИКИ БЕЛАРУСЬ 7 марта 2000 г. N 303/9 ОБ УТВЕРЖДЕНИИ ПОРЯДКА ПЕРЕДАЧИ ЗЕМЕЛЬНЫХ УЧАСТКОВ, НАХОДЯЩИХСЯ В ЧАСТНОЙ СОБСТВЕННОСТИ, В ЗАЛОГ ДЛЯ ПОЛУЧЕНИЯ БАНКОВСКОГО КРЕДИТА.