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FEDERAL LAW OF THE RUSSIAN FEDERATION

of December 30, 2004 No. 218-FZ

About credit stories

(The last edition from 03-08-2018)

Accepted by the State Duma on December 22, 2004

Approved by the Federation Council on December 24, 2004

Chapter 1. General provisions

Article 1. Subject and purposes of regulation of this Federal Law

1. This Federal Law determines concept and structure of credit history, the basis, procedure for forming, storage and use of credit stories, the activities of bureau of credit histories connected with it are regulated, features of creation, liquidation and reorganization of bureau of credit histories, and also the principles of their interaction with sources of forming of credit history, borrowers, public authorities, local government bodies and the Central bank of the Russian Federation (further - the Bank of Russia), with the organizations for benefit of which the judgment which became effective and not performed within 10 days about collection from the debtor of sums of money in connection with non-execution of obligations by it on introduction of payment for premises, utilities and communication services is taken out are established.

2. The purposes of this Federal Law are increase in security of creditors and borrowers due to general decrease in credit risks, increase in overall performance of credit institutions, microfinancial organizations and credit cooperatives, and also creation and determination of conditions for collection, processing, storage and provision in bureau of credit histories of information characterizing timeliness of execution by borrowers of the agreement obligations of loan (credit), execution by physical persons, including individual entrepreneurs, and legal entities of obligations on introduction of payment for premises, utilities and communication services and execution of maintenance obligations by physical persons according to which there is judgment which became effective and not performed within 10 days about collection from the debtor of the specified sums of money.

Article 2. Scope of this Federal Law

This Federal Law governs the relations arising between:

1) borrowers and the organizations concluding with physical persons, including with individual entrepreneurs, and (or) legal entities loan agreements (credit), the organizations which acquired right to claim according to the specified loan agreements (credit);

2) the organizations concluding with physical persons, including with individual entrepreneurs, and (or) legal entities loan agreements (credit), the organizations which acquired right to claim according to the specified loan agreements (credit), and bureau of credit histories;

2. 1) the organizations for benefit of which the judgment which became effective and not performed within 10 days about collection from the debtor of sums of money in connection with non-execution of obligations by it on introduction of payment for premises, utilities and communication services, and bureau of credit histories is taken out;

2. 2) the federal executive body authorized on implementation of functions on providing established procedure of activity of the courts and execution of court resolutions and acts of other bodies, and bureau of credit histories;

3) the organizations concluding with physical persons, including with individual entrepreneurs, and (or) legal entities loan agreements (credit) and the Central catalog of credit stories;

4) Central catalog of credit stories and subjects of credit stories;

5) Central catalog of credit stories and users of credit stories;

6) Central catalog of credit stories and bureau of credit histories;

7) bureau of credit histories and users of credit stories;

8) bureau of credit histories and subjects of credit stories;

9) bureau of credit histories and Bank of Russia;

10) bureau of credit histories and receiver or liquidator.

Article 3. The basic concepts used in this Federal Law

In this Federal Law the following basic concepts are used:

1) credit history - information which structure is determined by this Federal Law and which is stored in bureau of credit histories;

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