Mortgage institutions will not be able to take away property from citizens
Kyiv District Administrative Court overturned the decision rules number 662 to recover the debt under a mortgage agreement on an uncontested basis on the basis of executive notary. March 20th District Administrative Court of Kyiv concluded its consideration of the claims against the Cabinet of Ministers of Ukraine together with third parties - Notary Chamber of Ukraine, GA Sosunovych of invalidation and cancellation of paragraphs 1, 2 Cabinet of Ministers of Ukraine of 11.26.2014 №662 "On Amendments to the list of documents for which collection is conducted on an uncontested basis on the basis of executive notary." Court rendered a decision on the recognition illegal and void the said Regulation, as it relates to debt collection mortgage statement indisputable order on the basis of executive notary.
Related article: VTB Bank launches loyalty program for mortgage lending individualsAfter the court decision comes into force, mortgage institutions will not be able to take away property from citizens under the simplified procedure, as mandated by Resolution №662. For such actions will need to provide documents proving really bezspirnist debtor debts and obligations set delay.
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