BP Committee recommends that the Parliament to amend legislation to ensure investor protection, housing

19.06.2008 00:00
Articles about real estate | BP Committee recommends that the Parliament to amend legislation to ensure investor protection, housing The Committee on Finance and Banking recommends that the Parliament adopts the Bill on Amendments to Some Laws of Ukraine concerning improvement of state regulation in the field of housing construction. Reported by the Information Management BP.
Bill (register number 2464) proposes to amend the law "On investment activity", "On Insurance", "The financial and credit mechanisms and management of property for housing and real estate transactions," "On Advertising" to "protect the rights of Investors housing and increased state control over this market. "

At the meeting, the Committee noted that, in particular, prohibits institutions that are the stewards of the funds financing the construction, raise funds, installers for investment housing and finance the construction of an appropriate home for the appearance of his right to develop.

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The draft includes provisions on the implementation of the rules of registration funds to finance construction and real estate funds to protect the rights of consumers - the participants fund construction financing.

Committee members noted that the project provides funding for housing construction with the involvement of individuals solely through one financial institution that is the manager of the fund financing the construction through the creation of one such fund. People's deputies focused their attention on the fact that investment and financing of one apartment in the construction site of several investors without their written consent is prohibited.

The bill proposes to resolve the issue conclusions developer of insurance contracts as a prerequisite of the contract between the manager and developer.

According to the draft prohibits the dissemination of advertisements to build a house without giving it information on all subjects that are party to such construction, that they have the appropriate permits and licenses, as well as data about the abduction in the prescribed manner of land for construction.
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