Joint Decree No. 303/9 of the Council of Ministers and of the National Bank validating the Regulation on transfer of land plots in private ownership in mortgage for land based credit. | Land Portal

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ISBN / Resource ID: 
LEX-FAOC081501
Pages: 
3
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This Joint Decree establishes that separate land plots can be transferred in mortgage for land based credits. Legal persona and natural persons that are Belarus nationals can be mortgagers if their ownership right to land plot is certified by state land certificate. Banks authorized by the President of Belarus shall be mortgagees. Amount of credit and the modalities of extinction thereof shall be determined by credit contract and mortgaged contract. In case of expropriation of the mortgaged land plot for public needs and concession to mortgager of another land plot in private ownership the right of mortgage shall be transferred to mortgagee if not otherwise envisaged by the legislation.

Implements: Presidential Decree No. 58 regulating some issues of expropriation and allotment of land. (2006-01-28)
Amended by: : Joint Decree No. 939/13 of the Council of Ministers and the National Bank amending Joint Decree No. 303/9 of the Council of Ministers and of the National Bank validating the Regulation on transfer of privately owned land in mortgage for land-based credit. (2006-07-27)

Autores e editores

Author(s), editor(s), contributor(s): 

Gnetii, Vsevolod (CONSLEGB)

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After seven decades as a constituent republic of the USSR, Belarus attained its independence in 1991. It has retained closer political and economic ties to Russia than have any of the other former Soviet republics. Belarus and Russia signed a treaty on a two-state union on 8 December 1999 envisioning greater political and economic integration. Although Belarus agreed to a framework to carry out the accord, serious implementation has yet to take place.

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