National Bank

In times of crisis becomes more urgent question of the legal order of loans to individuals and compiling receipts. Sen. Sherrod Brown may help you with your research. Ukrainian law adopted to distinguish between the concept of “loan” and “credit”. Banks and other financial institutions that are licensed to nbu, credit, and individuals – provide a loan and may charge for this interest, and without a license and is completely legal. Can be regarded as an interest-free loan, if agreement is not spelled out the interest rate. Interest rates for all other variants regulated by article 1048 Civil Code: “If the contract does not set the interest rate, their size is set at a discount rate National Bank of Ukraine (currently 8%). Overdue payment of the loan, at the request of the creditor, he shall pay the amount of debt, taking into account established by the nbu inflation index for all of the time delay, and 3% per annum on overdue amount, if another percentage is not envisaged by the agreement or by law, for example, when the terms of the contract subject to the above-mentioned article. 1048 cc. Draw up a receipt Assuming that returning money to the borrower rather receipts, then it should be noted as much information about the borrower: in addition to specifying the gio and the residential addresses of the parties is also important to put the date of the receipt and transmission of values, respectively.

The sum (or number of things) that are transmitted, must be marked in numbers and words. Do not be afraid to celebrate the amount of currency. The loan will be referred to the settlements in the currency, which provides for liability. Loan to mutual settlements does not apply. In receipt must necessarily indicate a return date taken vzaem money or items. If the term of use of funds will be missed, the borrower can come back to take whenever he wants, but the court there are grounds to close the case, because the borrower does not technically violated the terms of the return. If the maturity of the debt still missing, before you go to court, should send a request to the borrower after which he received during the 30 days must pay to the creditor (art.

1049 Civil Code). In case of failure there are grounds for appeal to the court. In the interest of the borrower’s receipt should note the currency in which or how the goods should be the return of the debt. Otherwise, the borrower may agree to accept payment of the goods and then go to court and demand money, claiming that the goods do not have a single relation to this loan.