Belarus to tap into EEU partners’ experience while amending mortgage law
<p> MINSK, Dec 8 - PrimePress. The experience of partners in the Eurasian Economic Union (EEU: Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia) will be taken into account when Belarus’ law makers get down to amending the mortgage law. </p> <p> Deputy Economy Minister Tatyana Brantsevich made a statement to this effect at an expanded meeting of the House of Representatives Standing Committee on Housing Policy and Construction. </p> <p> </p> <p> According to Brantsevich, Belarus’ mortgage law has been in force since 2008. “During this time it has become necessary to adapt it to new conditions and legislative acts, to take into account the useful experience of our partners in the Eurasian Economic Union. The draft law was thoroughly analyzed by government agencies, the Supreme Court, the National Bank, representatives of the expert community, and other interested parties. As a result, several key changes were formulated and proposed,” Brantsevich said. </p> <p> </p> <p> The draft law more clearly defines the subject matter of mortgages. The concept of “co-pledgeholders” is introduced, where more than one person may have equal rights to receive satisfaction from the value of the subject of the mortgage. End </p> <p> </p> <p> </p>
2021-12-09
Primepress
Belarus to tap into EEU partners’ experience while amending mortgage law
MINSK, Dec 8 - PrimePress. The experience of partners in the Eurasian Economic Union (EEU: Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia) will be taken into account when Belarus’ law makers get down to amending the mortgage law.
Deputy Economy Minister Tatyana Brantsevich made a statement to this effect at an expanded meeting of the House of Representatives Standing Committee on Housing Policy and Construction.
According to Brantsevich, Belarus’ mortgage law has been in force since 2008. “During this time it has become necessary to adapt it to new conditions and legislative acts, to take into account the useful experience of our partners in the Eurasian Economic Union. The draft law was thoroughly analyzed by government agencies, the Supreme Court, the National Bank, representatives of the expert community, and other interested parties. As a result, several key changes were formulated and proposed,” Brantsevich said.
The draft law more clearly defines the subject matter of mortgages. The concept of “co-pledgeholders” is introduced, where more than one person may have equal rights to receive satisfaction from the value of the subject of the mortgage. End