Towards Entrepreneurial Community

Parliamentarians of the Committee on Development of Entrepreneurship and Industry point out the contradictions that have arisen in some legal acts. In accordance with the norms of the Civil Code, the mortgage agreement is subject to notarization. At the same time, other legislative acts provide that, apart from notarization, a mortgage agreement is subject to state registration. The parliamentarians suppose that the notary's assurance of the said contract is unjustified, since it actually duplicates the functions of state registration. The address of the profile parliamentary committee received numerous appeals of businessmen who, when organizing their business, applied to the bank for a loan and already have to pay an impressive amount at the drafting stage. In fact, entrepreneurs must undergo at once two similar procedures, which is quite costly.

Parliamentarians suppose that the barrier that arises on the way of entrepreneurs must be eliminated. The authors of the corresponding law-in-draft were MPs Victor Guzun, Vadim Kravchuk, Vadim Doni, Andrei Mezhinsky, and Vadim Levitsky. The developers propose to exclude the requirement of mandatory notarization of the mortgage agreement. At the same time, the passage of state registration in the Registration Chamber remains mandatory. The deputies adopted the law-in-draft in the first reading.