Regulatory Alerts2020-06-30 | 13/8Added · Updated
Regulation on the Maximum Terms for the Provision of Mortgage Loans to the Population
The Central Bank of Uzbekistan approves the Regulation establishing the maximum terms for mortgage loans provided by commercial banks, including microfinance banks, to the population. The document defines key concepts such as payment capacity and interest rates, outlines permissible loan purposes including construction, purchase, and refinancing, and mandates specific borrower protection measures like free information sheets and independent insurance selection. It further regulates the loan application review process, requiring banks to assess debt burden indicators and collateral value ratios in accordance with macroprudential norms, while also detailing risk management requirements and procedures for handling overdue debt.