Microfinance experts proposed softening the bill during the cooling period by providing loans

The press service of SRO “MiR” confirmed to the publication that the relevant letters were sent. The organization believes that it is necessary to move auto loans, POS loans (loans issued at points of sale) and loans to a separate category with lower risk.

Representatives of microfinance organizations (MFIs) indicated that when a borrower pledges a vehicle, “he passes all checks to identify the client and determine the basis of his ownership of the vehicle,” so loans with such collateral “also fall into the “low risk category.”

The SRO “MiR” explained the need to relax the regulation of POS loans due to the deterioration of the situation of borrowers: they will have to return to the store to buy the products only after a period of reflection. During this time, the organization noted, the discount may end and the product may be purchased.

In addition, microfinance organizations drew attention to a rule that would allow the Central Bank to introduce flexibilities or cancel the reflection period for banks. The SRO “MiR” believes that “the possibility of selectively providing relief and applying incentive measures places equal economic entities in an unequal position.”

Furthermore, participants in the microfinance market want to maintain the practice of granting loans that individuals grant in favor of third parties; The current version of the bill will force microfinance organizations to credit money only to the borrower himself. SRO “MiR” emphasized that this condition would violate the borrower’s legal right to grant a third party the authority to receive money under the loan agreement.

Aksakov has not yet familiarized himself with the letters of SRO “MiR”. In a conversation with Forbes he clarified that the deputies will discuss the wishes of creditors to withdraw loans secured by vehicles and POS loans from the cooling period, as well as the issue of granting the Central Bank the authority to introduce relief for microfinance organizations. .

At the same time, Aksakov ruled out maintaining the possibility of obtaining a loan in favor of third parties. “This is a known scheme used by scammers using social engineering techniques. Here the position of the deputies will be tough: to protect the interests of the citizens,” explained the deputy.

The State Duma approved in first reading in January the bill on the introduction of a cooling-off period in granting loans. According to the authors of the initiative, this is necessary to protect borrowers from scammers. The cooling period when issuing a loan in the amount of 50 thousand rubles to 200 thousand rubles will be four hours, for an amount exceeding 200 thousand rubles – 48 hours, it follows from the document.