Regulatory Alerts2015-09-28
Decision on Minimum Conditions for Financial Lease Agreements and Cost Disclosure
The Executive Board of the National Bank of Serbia issued this Decision to establish minimum conditions for concluding financial lease agreements and standardize the disclosure of lease rentals and associated costs. The regulation mandates specific asset value thresholds, creditworthiness assessments, and detailed documentation requirements, with enhanced consumer protections for natural persons including mandatory participation payments and debt-to-income ratio analysis. It repeals previous regulations and entered into force on the eighth day following its publication in the Official Gazette.
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