Law on credit holidays for mobilized citizens signed

The President of the Russian Federation signed a law on the specifics of the fulfillment of obligations under loan agreements (loan agreements) by persons called up for military service for mobilization in the Armed Forces of the Russian Federation, persons participating in a special military operation, as well as members of their families (Federal Law of October 7, 2022 No. No. 377-FZ). The law came into force from the day of its publication.

Thus, in particular, it is indicated that the borrower has the right at any time during the term of the loan agreement, but no later than December 31, 2023, to apply to the lender with a request to suspend the borrower's performance of its obligations for a grace period. Such a period is the period of mobilization or the period for which the contract was concluded, increased by 30 days, or the period of participation in a special military operation, increased by 30 days.

To provide a loan holiday, you must send a claim to the lender, attaching documents confirming the borrower's participation in a special military operation. Documents will be considered within 10 days. At the same time, a refusal to grant a credit vacation is possible only if the fact of the borrower's mobilization or his participation in a special military operation is not confirmed.