Translartion. Region: Russians Fedetion –
Source: Central Bank of Russia –
Since March 1, a person can voluntarily refuse the opportunity to enter into credit or loan agreements through State Services and thus protect themselves from a situation where fraudsters issue a loan in their name.
To “turn on” the mechanism, you will need to record a special ban in your credit history. Self-ban may vary: by type of creditor (bank or microfinance organization), by method of applying for a loan or credit (in the office and remotely or only remotely).
A person will be able to cancel the self-prohibition if they really want to get a loan or credit. To do this, they need to submit an application through Gosuslugi, which will have to be certified with an enhanced electronic signature (it can be issued for free in the Gosklyuch application) – this is additional protection against fraudsters. The ban will be lifted one day after the relevant information is entered into the citizen’s credit history. Such a cooling-off period will help people make a more informed decision about the need to get a loan or credit.
Before issuing consumer loans and credits, banks and microfinance organizations will have to check whether the borrower’s credit history contains information about self-prohibition. If a prohibition is established, the lender must refuse to issue a loan. If, despite the established prohibition, the lender concludes an agreement, he will not be able to demand that the borrower fulfill his obligations under the loan.
The same service will later be available through the MFC – they must implement the possibility of self-prohibition by September 1, 2025, by which time they need to prepare their systems and employees to accept applications without interruption.
Read more about the self-prohibition mechanism aton the website of the Bank of Russia.
Preview photo: StockerThings / Shutterstock / Fotodom
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect
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