A mandatory procedure for “comprehensive settlement” of loan debts may appear in the Russian Federation.
The initiative was prepared by the Bank of Russia.
The bill concerns Russians who have missed payments, RBC reports.
Such borrowers will enter into single debt restructuring agreements with all creditors.
A similar settlement instrument will be available to banks and other organizations authorized to provide loans to the population.
The idea behind the initiative is that creditors of a specific debtor will offer him a plan for dealing with the debt.
There is a whole range of solutions for this. For example, a citizen can be given a deferment of payments or have the debt partially written off.
No more than 30 days are allocated for developing the plan. During this period, the creditor loses the right to collect the debt through the court.
In addition, information that the debtor and lender have begun settlement negotiations will be included in the credit history.
