The Government proposes to tighten mortgage land

12.01.2011 10:23
The Government proposes to tighten mortgage land Land can be transferred into the mortgage only if it has inventory number. With such a legislative initiative addressed to the Verkhovna Rada of the Ukrainian government.

Under the bill number 7539, registered in the parliament on January 10 and promulgated on Tuesday, appropriate changes are proposed to the Land Code and Law on Mortgage.

The Government believes that such amendments will help to better regulate and supervise banking operations connected with land, as well as to exclude cases of transfer of land as collateral, no vested property right, or do not exist in nature.

Interfax-Ukraine
Content tags: land Mortgages Legislation
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