PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of January 22, 1999 No. 53

About streamlining of loan granting on construction (reconstruction) and purchase of premises

For the purpose of streamlining of loan granting on construction (reconstruction) and purchase of premises I decide:

1. No. 507 is excluded according to the Presidential decree of the Republic of Belarus of 21.12.2015

2. Bring in Item 7 of the Presidential decree of the Republic of Belarus of September 2, 1996 No. 346 "About some measures for development of housing construction in the village" (Collection of presidential decrees and resolutions of the Cabinet of Ministers of the Republic of Belarus, 1996, No. 25, Art. 644; Collection of decrees, presidential decrees and orders of the Government of the Republic of Belarus, 1998, No. 7, Art. 160; No. 14, Art. 353) following changes:

2.1. state subitem 7.1 in the following edition:

"7.1. provide to kolkhozes, sovkhozes and other agricultural enterprises, and also the companies and the organizations irrespective of patterns of ownership including to the farms performing housing construction in the village for the citizens living and working in the rural zone, and also working at the companies of agro-industrial production, the credits (including on the security of property of the specified companies and farms) within the credit line opened by National Bank at the rate to 95 percent of construction cost of premises of standard consumer qualities taking into account the cost of construction of economic constructions (at the rate to 20 percent of total cost of construction of individual apartment houses or apartments) for up to 10 years with their repayment in 3 years after obtaining and payment of 5 annual interest rates on use of the credits;";

2.2. add Item with subitem 7.11 of the following content:

"7.11. provide to kolkhozes, sovkhozes and other agricultural enterprises soft credits (including on the security of property of the specified companies) within the credit line opened by National Bank, on acquisition at physical persons of the individual apartment houses (apartments) which are empty and not finished by construction in the rural zone of estimated value of acquired real estate taking into account the cost of economic constructions. The size of this credit shall not exceed 95 percent of construction cost of the premises of standard consumer qualities similar to the acquired apartment house (apartment) on the area and constructive decisions.

Loan granting is performed for a period of 10 years with their repayment in 3 years after obtaining and payment of 5 annual interest rates on use of the credits;".

3. Ceased to be valid.

4. To Council of Ministers of the Republic of Belarus:

4.1. in a month to develop and in coordination with the President of the Republic of Belarus to approve regulations on procedure and conditions of provision to citizens of soft credits on construction (reconstruction) and purchase of premises;

4.2. till April 2, 1999 to make to the President of the Republic of Belarus the offer on the edition of the uniform complex regulation regulating preferential crediting of various categories of the citizens performing construction (reconstruction) and purchase of premises.

5. Ceased to be valid.

6. Ceased to be valid according to the Presidential decree RB of 09.08.2011 No. 346

7. This Decree becomes effective from the date of its signing.

Appendix

to the Presidential decree of the Republic of Belarus of January 22, 1999 No. 53

The list of presidential decrees of the Republic of Belarus concerning crediting of construction (reconstruction) and purchase of premises

Ceased to be valid according to the Presidential decree RB of 09.08.2011 No. 346

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