02.08.2016

Debt collection without going to court.

On July 15, 2016 the loan debt can be collected without going to court!

If the loan agreement or additional agreements to it there is a condition to recover the debt by writ of execution notary, # creditor may apply to the court bailiffs without judgment. At the same time the basis for debt collection will be the executive notary sign the credit agreement.
In addition, the creditor in addition to the executive notary principal may charge interest on such a contract, if they are provided for by the contract.

Possibility of recovery by the executive notary is provided on all loan agreements, except for contracts where the creditor is a microfinance organization.

Before this innovation collect debts on the basis of executive notary it can be only in the case of debt under the pledge ticket from the pawnshop and the contractual storage and rental.