Regulatory Alerts2020-10-02
Decision on Temporary Measures for Financial Lessors for the Purpose of Mitigating the Consequences of COVID-19 Pandemic in Order to Preserve Financial System Stability
The Executive Board of the National Bank of Serbia mandates financial lessors to offer a repayment moratorium to borrowers for obligations due between August 1 and September 30, 2020. During this period, lessors are prohibited from charging default interest or initiating enforcement proceedings while regular interest continues to accrue and extend the lease term. Lessors must publish detailed offer notifications, submit internal compliance acts, and report implementation results to the central bank by specified deadlines.
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