FEDERAL LAW OF THE RUSSIAN FEDERATION

of June 22, 2024 No. 151-FZ

About modification of separate legal acts of the Russian Federation

Accepted by the State Duma on June 18, 2024

Approved by the Federation Council on June 19, 2024

Article 1

Article 29 of the Federal law "About Banks and Banking Activity" (in edition of the Federal Law of February 3, 1996 No. 17-FZ) (Sheets of the Congress of People's Deputies of RSFSR and the Supreme Council of RSFSR, 1990, No. 27, Art. 357; Russian Federation Code, 1996, No. 6, Art. 492; 2007, No. 45, Art. 5425; 2010, No. 8, Art. 775; No. 27, Art. 3432; 2011, No. 27, Art. 3873; 2019, No. 51, Art. 7486; 2022, No. 16, Art. 2614; No. 29, Art. 5259; 2023, No. 32, Art. 6214; 52, the Art. 9515) to add No. with parts of the following content:

"The maximum admissible value of the interest rate changing depending on change of the numerical value of variable included in it which is determined proceeding from the circumstances which are not depending on the creditor and persons affiliated with it, and also from the borrower and which is regularly placed in public sources of information (variable interest rate) according to the credit agreement signed with the borrower, being the microcompany cannot exceed the rate established by the credit agreement for date of its conclusion as a percentage annual, increased by one third, but no more than by four percent points. The credit institution shall notify the specified borrower by the method provided by the credit agreement on change of value of variable interest rate and bring to the specified borrower by the method provided by the credit agreement, the updated payment schedule under such agreement no later than 15 days prior to application of the changed variable of interest rate.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info