Banks Concerned about Risks from Launch of Electronic Subpoena Registry
Banks are not yet technically able to comply with all regulations in the event of refusal to provide loans to draft dodgers and military service evaders.
They fear complications if they issue mortgages to clients who are found to be defaulters.
Banks are concerned about the risks associated with the register of electronic summonses for conscripts, writes RBC .
Financial institutions may face problems when issuing mortgages to potential defaulters.
Russian banks are required to refuse loans to those who evade conscription and military service.
However, they still do not know how to properly comply with the requirements of the new law.
This is stated in the letters of the NSFR sent to the Central Bank, Elvira Nabiullina and Deputy Prime Minister Dmitry Grigorenko.
The issue of joining banks and providing them with access to the MO register remains unresolved.
The letter emphasizes that, for technical reasons, banks may not have time to prepare their systems before the registry is launched.
Banks have not yet developed rules for refusing a loan to a client who turns out to be a draft dodger.
