Banks were forbidden to seize mortgaged housing in the population:) - news about real estate, Kiev, Kyiv region. Real Estate In Ukraine

Banks were forbidden to seize mortgaged housing in the population:) - news about real estate, Kiev, Kyiv region. Real Estate In UkraineVerkhovna Rada (VR) of Ukraine adopted the law, which at the time of economic crisis introduced a moratorium on the recovery (the ability to collect - ed.) pledge or mortgage property, if it ...people reside. The law will enter into force after its official publication.As the correspondent LigaBusinessInform, "for" the adoption of the Law "On protection of property rights of citizens in the period of recovery of Ukraine's economy from the financial crisis" voted 237 deputies.Thus, the Law provides that for the period of recovery of the Ukrainian economy from the financial crisis introduced a moratorium on the acquisition by the mortgagee or the mortgagee's rights of foreclosure on the collateral or mortgage if the subject of the pledge or mortgage is housing in which the citizen resides.The Law also States that the termination of the period of recovery of Ukraine's economy from the crisis is determined by the decision of the Verkhovna Rada on representation of the Cabinet of Ministers.THE LAW OF UKRAINEOn the protection of property rights of citizens in the period of recovery of Ukraine's economy from the financial crisisThe law is aimed at ensuring the constitutional rights of citizens in their own homes and providing them social protection.Article 1. For the period of recovery of the Ukrainian economy from the financial crisis introduced a moratorium on the acquisition by the mortgagee or the mortgagee's rights of foreclosure on the collateral or mortgage if the subject of the pledge or mortgage is a residential property in which citizens reside.Article 2. The end of the recovery of Ukraine's economy from the financial crisis is determined by the decision of the Verkhovna Rada on representation of the Cabinet of Ministers of Ukraine.Article 3.



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