Resolution of the Board of the Central Bank of the Republic of Uzbekistan No. 41/2 on Amendments to the Regulation on the Procedure for Commercial Banks Issuing Preferential Loans to Young Families

Resolution of the Board of the Central Bank of the Republic of Uzbekistan, registered on 02.12.2014, reg. number 1697-2

Date of entry into force

09.12.2014

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30.12.2019

09.12.2014

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Act lost force 30.12.2019

[OKOZ:

1.21.00.00.00 Complex documents on amendments and additions / 21.04.00.00 Departmental normative legal acts]

[TSZ:

1. State and public structure / Legislative initiative. Lawmaking activity]

Resolution

BOARD OF THE CENTRAL BANK OF THE REPUBLIC OF UZBEKISTAN

On Amendments and Additions to the Regulation on the Procedure for Commercial Banks Issuing Preferential Loans to Young Families

[Registered by the Ministry of Justice of the Republic of Uzbekistan on December 2, 2014. Registration No. 1697-2]

LexUz Commentary

This Resolution lost force in accordance with the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated December 13, 2019 No. 30/12 "On Recognizing Certain Normative Legal Acts Adopted by the Central Bank of the Republic of Uzbekistan as Lost Force" (reg. No. 3208 dated 30.12.2019).

In accordance with the Laws of the Republic of Uzbekistan "On the Central Bank of the Republic of Uzbekistan", "On Banks and Banking Activity" and the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan dated September 8, 2014 No. 250 "On Measures for Further Support in Providing Housing for Young Families Actively Participating in the Public Life of the Country", the Board of the Central Bank of the Republic of Uzbekistan resolves:

1. Make amendments and additions to the Regulation on the Procedure for Commercial Banks Issuing Preferential Loans to Young Families, approved by the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated June 9, 2007 No. 17/2 (reg. No. 1697 dated July 18, 2007) (Collection of Legislation of the Republic of Uzbekistan, 2007, No. 29-30, Art. 308), according to the Appendix.

2. This Resolution enters into force from the day of its official publication.

Chairman of the Central Bank F. MULLAZHANOV

Tashkent,

November 22, 2014,

No. 41/2

APPENDIX
to the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated November 22, 2014 No. 41/2

Amendments and additions made to the Regulation on the Procedure for Commercial Banks Issuing Preferential Loans to Young Families

1. Add paragraph 11 of the following content:

"11. This Regulation does not apply to relations regarding the issuance of mortgage loans for the acquisition of apartments in multi-apartment buildings 'Kamalot', established by the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan dated September 8, 2014 No. 250 'On Measures for Further Support in Providing Housing for Young Families Actively Participating in the Public Life of the Country'."

2. Redraft paragraph 8 as follows:

"8. The issuance, monitoring, and repayment of microloans to young families at preferential interest rates from credit lines of state target funds are regulated by the 'Regulation on the Procedure for Commercial Banks Issuing Preferential Microloans from Credit Lines of State Target Funds' (reg. No. 2527 dated November 19, 2013)."

(Collection of Legislation of the Republic of Uzbekistan, 2014, No. 49, Art. 585)