A unified procedure for resolving disputes between creditors and individuals will be created in Russia

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Russian President Vladimir Putin instructed to create a unified procedure for pre-trial resolution of disputes regarding citizens’ loan debts. The relevant instruction was published on: Web site Kremlin.

According to the text of the document, the government of the Russian Federation, together with the Bank of Russia, was instructed to ensure changes to the legislation of the Russian Federation by May 1, 2024. Establishment of a unified mandatory procedure for pre-trial resolution of disputes between creditors and citizens regarding loan debts (loans), taking into account the experience of implementation of the comprehensive settlement standard proposed by the Bank of Russia.

Prime Minister of the Russian Federation Mikhail Mishustin and Governor of the Central Bank of the Russian Federation Elvira Nabiullina were appointed to implement the decision.

In January-June, the Central Bank discovered 137 “black lenders” in the Moscow region – companies illegally providing loans to the population at 1000% per year and using illegal debt repayment methods. Their numbers increased by 44 percent compared to the same period last year. Governor of the Central Bank of Russia Anton Saikin said: “socialbites.ca” The five main plans of scammers and how to avoid falling into their trap were explained.

Formerly Central Bank was created The standard of working with citizens who owe money to more than one bank at the same time.

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