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Partially mobilized civilians for military service, as it turned out “unexpectedly”, can have a lot of previously drawn loans. And the authorities took care of them and promptly
The Duma quickly passed in three readings a law on “credit holidays” for those in the ranks of the partially mobilized. The title of the document is long and boring: “On the peculiarities of the performance of obligations under loan agreements (loan agreements) by persons drafted for military service for mobilization in the armed forces of the Russian Federation, persons participating in a special military operation, as well as their family members and on the amendment of individual legislative acts of the Russian Federation.
It applies to mobilized who took out a loan before September 21, 2022 – from a mortgage to a loan to buy a car. In order to ensure that people do not fall into the number of involuntary debtors at banks, which cannot repay the debt, the authorities have developed an appropriate law.
It includes not only the military, but also the National Guard, and employees of the Ministry of Emergency Situations, the SVR, the FSB, the FSO, state security forces, the military prosecutor’s office and the Commission of Inquiry. Now, if you recently bought a car on credit, and now they have brought you a subpoena from the military registration and recruitment agency, the most important thing is to let the bank know about it. That is possible at the end of 2023. And that’s it: until the end of the SVO (or until treatment after injury and demobilization) you are covered by “credit holidays”. And not only for you, but also for your family members, if the car loan officially “hangs” on one of them.
If, God forbid, the mobilized person dies or the first group gets incapacity for work, then the bank is obliged to write off the debt. The law, as we repeat, was promptly passed in three readings. And no one doubts that it will be approved by the Federation Council and signed by the President of the Russian Federation with the same legislative speed. It will also come into effect shortly – as of the time of publication. And everything in it, it seems, is fair: people were called to defend their homeland, which means that their personal “rearguard” must be protected as much as possible. This has been trumpeted (and will be trumpeted more than once) by all the media.
And the vast majority of readers have the impression that a mobilized person, leaving for the military registration and recruitment office, will have the opportunity not to pay the loan. The situation appears “frozen” until his return to civilian life. Good, but not really.
Article number one of the law has paragraph 18. He says that while the soldier fights, the interest on his car loan keeps “dripping”! Amounting to two-thirds of the average market interest rate, but not more than that stated in the loan agreement. That is, while the partially mobilized sleeps, not only does the service continue, but also incurs its debt to the financial organization! Which you have to pay for when you get home. In general, as they say: war is war, and the bank’s profit is on track …
The Duma quickly passed in three readings a law on “credit holidays” for those in the ranks of the partially mobilized. The title of the document is long and boring: “On the peculiarities of the performance of obligations under loan agreements (loan agreements) by persons drafted for military service for mobilization in the armed forces of the Russian Federation, persons participating in a special military operation, as well as their family members and on the amendment of individual legislative acts of the Russian Federation.
It applies to mobilized who took out a loan before September 21, 2022 – from a mortgage to a loan to buy a car. In order to ensure that people do not fall into the number of involuntary debtors at banks, which cannot repay the debt, the authorities have developed an appropriate law.
It includes not only the military, but also the National Guard, and employees of the Ministry of Emergency Situations, the SVR, the FSB, the FSO, state security forces, the military prosecutor’s office and the Commission of Inquiry. Now, if you recently bought a car on credit, and now they have brought you a subpoena from the military registration and recruitment agency, the most important thing is to let the bank know about it. That is possible at the end of 2023. And that’s it: until the end of the SVO (or until treatment after injury and demobilization) you are covered by “credit holidays”. And not only for you, but also for your family members, if the car loan officially “hangs” on one of them.
If, God forbid, the mobilized person dies or the first group gets incapacity for work, then the bank is obliged to write off the debt. The law, as we repeat, was promptly passed in three readings. And no one doubts that it will be approved by the Federation Council and signed by the President of the Russian Federation with the same legislative speed. It will also come into effect shortly – as of the time of publication. And everything in it, it seems, is fair: people were called to defend their homeland, which means that their personal “rearguard” must be protected as much as possible. This has been trumpeted (and will be trumpeted more than once) by all the media.
And the vast majority of readers have the impression that a mobilized person, leaving for the military registration and recruitment office, will have the opportunity not to pay the loan. The situation appears “frozen” until his return to civilian life. Good, but not really.
Article number one of the law has paragraph 18. He says that while the soldier fights, the interest on his car loan keeps “dripping”! Amounting to two-thirds of the average market interest rate, but not more than that stated in the loan agreement. That is, while the partially mobilized sleeps, not only does the service continue, but also incurs its debt to the financial organization! Which you have to pay for when you get home. In general, as they say: war is war, and the bank’s profit is on track …
Source: Avto Vzglyad
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
