The Association of Russian Banks (ARB) considered the draft law On amendments to the Federal Law On consumer loans providing the borrower with the right to change the payment schedule, as it was informed.
Thus, in ARB's view, the mortgage loans restructuring stipulated in the federal law can be of negative effects for the borrowers and banks.
ARB considers the rigid restructuring terms criteria can yield serious rise in the loans value for the borrowers and higher mortgage prices.
Besides, the restrictions on the soft period and payment volume can reduce probability of the usage of different variants for arrears regulation and introduction of shorter soft periods.
The law can be of negative effects for the security of mortgage loans, and their break-even will be under question.
"AK&M", 18:03, 07.11.2018 1251 AKM,BNK