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Decree No. 96-II of the Ministry of Finance validating the Regulation on mortgage and land based credit.

Country/Territory
Kyrgyzstan
Document type
Regulation
Date
2002
Source
FAO, FAOLEX
Subject
Land & soil
Keyword
Contract/agreement Smallholders/peasants
Geographical area
Asia, Central Asia, CIS (Commonwealth of Independent States), Europe and Central Asia, Landlocked Developing Nations, North Asia
Abstract

This Decree shall be applicable to mortgage of immovable property and land based credit. It contains the form of mortgage contract concluded with peasant farms and establishes the modalities of access to land base credit. Immovable property subject of granting of credit shall include land plots, plots of subsoil, separate waterbodies, forests and perennial plantations. This Decree shall be applicable to individual entrepreneurs (natural persons), economic entities and legal persons irrespectively of the form of ownership. Mortgage contract shall contain clauses related to rights and duties of mortgager and pledge holder.

Full text
Russian
Website
www.minjust.gov.kg