ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of July 15, 2019 No. 520

About some questions of use of funds for decrease in debt load of citizens of the Republic of Kazakhstan

According to the subitem 16) of Item 2 of article 5-1 of the Law of the Republic of Kazakhstan of August 31, 1995 "About banks and banking activity in the Republic of Kazakhstan", article 14-2 of the Law of the Republic of Kazakhstan of November 30, 2018 "About the republican budget for 2019 - 2021" and for the purpose of implementation of the Presidential decree of the Republic of Kazakhstan of June 26, 2019 "About measures for decrease in debt load of citizens of the Republic of Kazakhstan" the Government of the Republic of Kazakhstan DECIDES: No. 34

1. Approve the enclosed Rules of use of funds for decrease in debt load of citizens of the Republic of Kazakhstan on unsecured consumer loans in banks of the second level and the microfinancial organizations, payment of the commission for rendering payment services, and also write-offs of penalties and penalty fee to citizens of the Republic of Kazakhstan (further - Rules).

2. Determine Fund of the Problem Credits joint-stock company the organization performing:

money transfer in banks of the second level and the microfinancial organizations for the purpose of rendering social support to large families, the families receiving payments for case of loss of the supporter, families, having handicapped children, disabled people since the childhood is more senior than 18 years, to receivers of the government address public assistance; to the orphan children, children without parental support who did not reach twenty nine years, lost parents to age of majority for debt repayment on unsecured consumer loans in banks of the second level and the microfinancial organizations;

compensation to banks of the second level and the microfinancial organizations of part of the forgiven debt of citizens of the Republic of Kazakhstan on penalties and penalty fee.

3. To state bodies and the organizations (in coordination), responsible for execution of Rules to provide:

1) timely and target use of the allocated amounts;

2) submission to the Ministry of Labour and Social Protection of the population of the Republic of Kazakhstan of reports on use of the allocated amounts monthly, to the 10th following reporting.

4. To impose control of execution of this resolution on the Ministry of Labour and Social Protection of the population of the Republic of Kazakhstan.

5. This resolution becomes effective from the date of its signing and is subject to official publication.

Approved by the Order of the Government of the Republic of Kazakhstan of July 15, 2019 No. 520

Rules of use of funds for decrease in debt load of citizens of the Republic of Kazakhstan on unsecured consumer loans in banks of the second level and the microfinancial organizations, payment of the commission for rendering payment services, and also write-offs of penalties and penalty fee to citizens of the Republic of Kazakhstan

Chapter 1. General provisions

1. These rules of use of funds for decrease in debt load of citizens of the Republic of Kazakhstan on unsecured consumer loans in banks of the second level and the microfinancial organizations, payment of the commission for rendering payment services, and also write-offs of penalties and penalty fee to citizens of the Republic of Kazakhstan (further - Rules) are developed according to article 14-2 of the Law of the Republic of Kazakhstan of November 30, 2018 "About the republican budget for 2019-2021", for the purpose of implementation of the Presidential decree of the Republic of Kazakhstan of June 26, 2019 No. 34 "About measures for decrease in debt load of citizens of the Republic of Kazakhstan" and determine procedure for use of funds for decrease in debt load of citizens of the Republic of Kazakhstan by unsecured consumer loans in banks of the second level and the microfinancial organizations, payment of the commission for rendering payment services, and also write-offs of penalties and penalty fee to citizens of the Republic of Kazakhstan within the provided means.

2. The debt on unsecured consumer loans in case of compliance to all following conditions is subject to repayment in banks of the second level and the microfinancial organizations within social support of citizens of the Republic of Kazakhstan:

1) debtors on the specified loans are the large families, families receiving payments for case of loss of the supporter, the families having handicapped children of disabled people since the childhood 18 years, receivers of the government address public assistance are more senior; the orphan children, children without parental support who did not reach twenty nine years, lost parents to age of majority as of June 26, 2019;

2) the total debt on loan does not exceed 3 000 000 (three million) tenges as of June 1, 2019;

3) the size of the repaid debt consisting of principal debt and the remuneration added on it as of June 1, 2019 does not exceed 300 000 (three hundred thousand) tenges on one borrower.

3. In case of death (the announcement the dead) the person having debt and falling under action of these rules, its debt to banks of the second level and the microfinancial organizations is settled according to the procedure and the terms provided by these rules.

4. In these rules the following concepts are used:

1) the receiver of the address public assistance - person (family) on whom the decision on purpose of the government address public assistance according to the Law of the Republic of Kazakhstan of July 17, 2001 "On the government address public assistance" is made;

2) bank of the second level - the legal entity who according to the Law of the Republic of Kazakhstan "About banks and banking activity in the Republic of Kazakhstan" is competent to perform banking activity based on the license, including the legal entity, earlier being bank;

3) unsecured consumer loan - the bank loan and (or) the microcredit without condition about pledge at the time of issue provided to physical person on the purposes which are not connected with implementation of business activity;

4) large family - the family incorporating four and more jointly the living minor children, including children who are studying full-time in the organizations of secondary, technical and professional, postsecondary, higher and (or) postgraduate education after achievement of age of majority by them until the termination of the organizations of education (but no more than before achievement of twenty-three-year age);

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