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The share of loans to internally displaced persons has been decided

28/ 10/ 2021
  Author: Alexander Bragin, lawyer at Dynasty Law & Investment 2014 turned the quiet life of many Ukrainians, especially those who found themselves in the temporarily occupied territory of Donetsk and Luhansk regions. Internally displaced persons have had a number of problems starting their lives anew in a new area. One of them was the obligation to pay loans and interest on them. It took legislators seven long years to resolve this issue. In the rest, on July 14, 2021, the Law of Ukraine “On Amendments to the Law of Ukraine“ On Ensuring the Rights and Freedoms of Internally Displaced Persons ”was adopted to exempt certain categories of internally displaced persons from the negative consequences of non-performance of monetary obligations under credit and loan agreements” № 1646-IX, (entered into force on 06.09.2021), the key novelties of which are in particular that from now on, the total amount of interest under the loan agreement (loan agreement), the debtor of which is an internally displaced person who left or left his place of residence in the temporarily occupied territory, the territory of the anti-terrorist operation and / or in the area of ​​national security and defense measures, may not exceed the amount of interest accrued during the term for which the loan was granted at the minimum rate specified in the agreement. In addition, the Law stipulates that in case of non-fulfillment of obligations under such a loan agreement, no penalty (fine, penalty) is accrued, no liability is incurred in the form of payment of the debt, taking into account the inflation index for the entire period of delay and interest overdue. , other property sanctions do not apply. To apply this law, the interested person must apply in writing to the bank. Dynasty Law & Investment lawyers will be happy to help you provide more detailed advice on the application of the new Law, as well as in case of any other difficulties in relations with banks.

Author: Alexander Bragin, lawyer at Dynasty Law & Investment

2014 turned the quiet life of many Ukrainians, especially those who found themselves in the temporarily occupied territory of Donetsk and Luhansk regions. Internally displaced persons have had a number of problems starting their lives anew in a new area.

One of them was the obligation to pay loans and interest on them. It took legislators seven long years to resolve this issue.

In the rest, on July 14, 2021, the Law of Ukraine “On Amendments to the Law of Ukraine“ On Ensuring the Rights and Freedoms of Internally Displaced Persons ”was adopted to exempt certain categories of internally displaced persons from the negative consequences of non-performance of monetary obligations under credit and loan agreements” № 1646-IX, (entered into force on 06.09.2021), the key novelties of which are in particular that from now on, the total amount of interest under the loan agreement (loan agreement), the debtor of which is an internally displaced person who left or left his place of residence in the temporarily occupied territory, the territory of the anti-terrorist operation and / or in the area of ​​national security and defense measures, may not exceed the amount of interest accrued during the term for which the loan was granted at the minimum rate specified in the agreement.

In addition, the Law stipulates that in case of non-fulfillment of obligations under such a loan agreement, no penalty (fine, penalty) is accrued, no liability is incurred in the form of payment of the debt, taking into account the inflation index for the entire period of delay and interest overdue. , other property sanctions do not apply. To apply this law, the interested person must apply in writing to the bank.

Dynasty Law & Investment lawyers will be happy to help you provide more detailed advice on the application of the new Law, as well as in case of any other difficulties in relations with banks.

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