The Central Bank gave a response to the deputy head of the State Duma faction "New People" Alexander Demin.
The parliamentarian has put forward an initiative to introduce a financial literacy test for those planning to take out a mortgage.
The Central Bank stated that it is ready to consider the option of introducing testing, according to the regulator’s response, received by RIA Novosti .
According to the Central Bank, similar measures are already being used in a number of countries. In particular, we are talking about testing the financial literacy of those people who intend to take out a mortgage.
This step is necessary because mortgages involve long loan terms and large amounts of debt.
In this regard, the Central Bank expressed its readiness to develop similar measures in Russia together with credit institutions and those involved in protecting consumer rights.
It is noted that the regulator is already acting in this direction, taking the initiative to establish a "cooling-off period". This measure does not allow one to receive a loan immediately, so that the client can refuse it if he or she suddenly changes his or her mind.
