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Ministry of Justice

Republic of Uzbekistan

On April 18, 2002 No. 1126


of March 16, 2002 No. 6/1

About approval of the Regulations on procedure for crediting of partnerships of private homeowners by commercial banks in national currency

(as amended on 21-12-2019)

According to requirements of the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan of March 1, 2002 "About additional measures for support of condominiums" the Board of the Central bank decides No. 74:

1. To take information of the director of the department of coordination of methodological work in bank system H.N.Nurmuratov into consideration.

2. Approve according to the appendix "Regulations on Procedure for Crediting of Partnerships of Private Homeowners by Commercial Banks in National Currency".

3. Enact this resolution after ten days from the date of its state registration in the Ministry of Justice of the Republic of Uzbekistan.

Chairman of the Central bank


Approved by the Resolution of Board of the Central bank of the Republic of Uzbekistan of March 16, 2002 No. 6/1

Regulations on procedure for crediting of partnerships of private homeowners by commercial banks in national currency

1. General provisions

1. This Provision is developed according to the Laws of the Republic of Uzbekistan "About the Central bank of the Republic of Uzbekistan", "About banks and banking activity", the Resolution of the Cabinet of Ministers the Republic of Uzbekistan of April 18, 2001 No. 178 "About additional measures for enhancement of public service of the population", the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan of March 1, 2002 No. 74 "About additional measures for support of partnerships of private homeowners", and also other acts of the legislation of the Republic of Uzbekistan and regulates procedure for crediting of condominiums by commercial banks.

2. Crediting of partnerships of private homeowners in the territory of the Republic of Uzbekistan is performed by commercial banks according to this provision on the terms of strict observance of the principles of recoverability, the paid nature, security, urgency and target use of the allocated credits taking into account careful risks assessment and market value of pledge.

3. As subjects of crediting partnerships of private homeowners (further in the text - condominium) - associations of owners of premises for joint management and ensuring operation, safety of the house, determination of conditions, procedure for ownership and use of common use facilities, providing proper condition of the property which is in common property, according to the procedure, established by the legislation act.

4. The loans of TChSZh are granted on the following purposes:

on capital repairs of roof and/or intra house engineering communications of apartment houses - taking into account frequency of accomplishment of these works;

on acquisition of fixed assets (the special equipment and mechanisms);

on improvement of the house adjoining territory.

5. Loan terms, allocated by commercial banks, are established independently, proceeding from availability of resources and possibility of their return.

6. The credits allocated by commercial banks are issued on refunding rate of the Central bank of the Republic of Uzbekistan, and since January 1, 2021 - at the rates established by commercial banks independently on the basis of the market principles with possibility of use of the compensation mechanism regarding interest expenses.

2. Procedure for registration of the credits

7. Loan granting is made in the location of the main on-demand deposit account of the borrower in the presence of the design estimates on capital repairs of the object and the address list approved by the relevant divisions of the Ministry of housing-and-municipal servicing of the Republic of Karakalpakstan, Managements of housing-and-municipal servicing of areas and Head department of housing-and-municipal servicing of Tashkent in coordination with financial bodies on places, funding plan of capital repairs of housing stock with disaggregation of sources of financing.

The credits of TChSZh for the purposes specified in the item 4 this provision are issued in missing part of means according to funding plan of capital repairs.

8. For receipt of the credits of TChSZh submit the following documents (credit packet) to bank:

credit request;

the protocol of meeting of homeowners on need of receipt of the credit which is drawn up in accordance with the established procedure;

the business plan with obligatory specifying of the forecast of cash receipts for the bank account of the borrower (cash flow):

the balance sheet (No. form 1) the borrower for the last accounting period provided to the relevant state tax authorities, and also acts of reconciliations on debts more than 90 days, the report on financial results (No. form 2);

one of forms of ensuring the repayment of the loan specified in item 9. this provision.

9. For the purpose of avoidance of risk of default of the credit the borrower shall have providing, the main requirement to which is its feasibility.

The borrower can provide one of the following types of providing to bank:

pledge of property or securities;

guarantee of the third parties;

the insurance policy of insurance company about risk insurance of default of the credit by the borrower;

guarantees of khokimiyats of areas (cities).

10. Banks have the right to grant the blank (confidential) credits to the borrowers having continuous communication with them, regular cash flow in the bank account with good reputation and good credit history.

11. Pledge of property acts as one of forms of ensuring credit recovery. Any property, including things and property rights according to the Law of the Republic of Uzbekistan "About pledge" can be subject of pledge.

Are accepted by banks as pledge liquid property, including objects of production and social infrastructure, vehicles and other quick assets of the borrower.

At the same time the apartment house, the apartment, objects of house situation and utensils, clothes and other objects necessary for normal zhizneobespechennost of family of the borrower cannot be pledge subject.

12. The guarantee is drawn up by the guarantee agreement for benefit of bank signed between the guarantor and the borrower in writing in 3 (three) copies. On the last page of this agreement after signatures of the guarantor and borrower the record about acceptance of this guarantee by bank signed by the manager of the branch of bank is made.


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