LAW OF THE REPUBLIC OF ARMENIA

of July 3, 2019 No. ZR-93

About introduction of amendments to the Law "About Consumer Crediting"

Accepted by National Assembly of the Republic of Armenia on June 19, 2019

Article 1. "About consumer crediting" (further - the Law) to state part 2 of article 1 of the Law of June 17, 2008 to ZR-122-N in the following edition:

"2. This Law extends also to the loans of agricultural purpose granted in the amount up to 5.000.000 dram (including 5.000.000 dram of the Republic of Armenia) and (or) their equivalent in foreign currency, and the loans granted to the midget commercial organizations and individual entrepreneurs in the amount up to 5.000.000 dram (including 5.000.000 dram of the Republic of Armenia) and (or) their equivalent in foreign currency, established by the Law of the Republic of Armenia "About the state assistance to small and medium entrepreneurship" if other is not provided by the Law.".

Article 2. To state Item 6 of part 1 of article 2 of the Law in the following edition:

"6) consumer:

and. the physical person obtaining the credit for the purpose of the order or purchase of goods (works, services) provided for private, family, home or other use, not connected with business activity;

. the physical person obtaining the credit of agricultural purpose or the individual entrepreneur obtaining the credit of agricultural purpose;

century the loanee - the midget commercial organizations and individual entrepreneurs established by the Law "About the State Assistance to Small and Medium Entrepreneurship".".

Article 3. To exclude from Item 2 of part 1 of article 3 of the Law of the word "not exceeding hundred thousand dram and".

Article 4. In article 17 of the Law:

To replace 1) regarding 1 word "post" with the word "electronic";

Part 2 to state 2) in the following edition:

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