Archive for 'Hypotec insurance'

Russia: insurance of hypothec borrowers remains unessential

21 November 2008

The next attempt of bankers to make obligatory life insurance at hypothec crediting has appeared unsuccessful - the government has refused to include such norm in the legislation.
In the second reading State Duma has approved the amendments to laws “On mortgage” and “On hypothec securities”, which provide introduction of deposit account of mortgages under the [...]