Regulatory Alerts2020-06-30
Added · Updated
Clarification on the Regulation Regarding the Limit Conditions for Allocating Mortgage Loans to the Population
The Central Bank of Uzbekistan has approved a regulation establishing the general conditions and rules for commercial banks to allocate mortgage loans to the population. The document defines eligible loan purposes, including construction, purchase, exchange, and refinancing, while mandating specific borrower protections such as free information sheets and independent insurance selection. It further outlines the detailed stages of loan processing, risk management criteria, and the requirement for transparent decision-making timelines.