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Governmental Instruction No.96-rz of 1993 regarding application of the Basic Regulations on mortgage of immovable property.

Country/Territory
Russian Federation
Document type
Regulation
Date
1993
Source
FAO, FAOLEX
Subject
Land & soil
Keyword
Institution Agricultural land Agricultural development Ownership Land valuation Credit
Geographical area
Arctic, Asia and the Pacific, Black Sea, Caspian Sea, CIS (Commonwealth of Independent States), Eastern Europe, Europe, Europe and Central Asia, North Pacific, North-West Pacific
Entry into force notes
Entry into force from the date of issue.
Abstract

Deputy Premier orders to forward the Basic Regulations for registration and application by the ministries and institutions entitled to elaborate normative acts regarding mortgage. Mortgage can be applied to the plots of land, including agricultural land. Till enactment of legislative acts the Committee on Land Resources and Land Survey and its territorial branches must carry out regarding the modalities of state registration of immovable property registration of the plots of agricultural land. Mortgage of the plots of agricultural land is permitted exclusively for execution of credit agreements related to agricultural development. Valuation of the plot of land specified in the mortgage must not be lower than normative price of land.

Full text
Russian

References - Legislation

Implements

Presidential Decree No. 1767 of 1993 regarding the regulation of land relationship and the promotion of land reform in Russia.

Legislation | Russian Federation | 1993

Keyword: Basic legislation, Land reform, Land tenure, Transfer, Public land, Subdivision of land, Right of use, Expropriation, Lease, Common property, Ownership, Inheritance, Cadastre/land registration, Institution, Agricultural land, Vested rights/existing rights, Farming, Agricultural development, Cooperative/producer organization, Legal proceedings/administrative proceedings

Source: FAO, FAOLEX