Regulation on Integrated Mortgage Services through Electronic Systems
In order to improve mortgage services to achieve among other targets, disclosure, punctuality, simplicity and affordability as well as to adapt them to the development of laws, technology and public needs, the government has issued Minister of Agrarian Affairs and Spatial Planning/ Head of the National Land Agency (“MOA”) Regulation No. 9/2019 (“MOA Regulation”) on Integrated Mortgage Services through the Electronic Systems (“HT-El”), which came into effect on 21 June 2019.
Scope of the Services
HT-El is conducted by the Land Office and provides the following services:
The users of HT-El
The users of HT-El are the following:
Therefore, from the MOA Regulation, the application for, for instance, mortgage registration should be submitted by the creditor (previously this process was assisted by the PPAT).
In order to use the HT-El, creditors must be registered in the HT-El system, for which they must submit evidence of the following requirements online through the HT-El:
Link to article
- Recent changes to Ukrainian legislation regulating construction industry
- 2020 Predictions: What’s on the Horizon for Construction?
- Final Opportunity Zone Regulations Released
- Insurance Requirements: Tips to Navigate Insurance on Projects
WSG Member: Please login to add your comment.