Setting The Interest Rate On Loans In The Fisheries

Original Language Title: Asetus kalatalouden korkotukilainoista

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Read the untranslated law here: http://www.finlex.fi/fi/laki/ajantasa/1976/19760263

Presentation by the Minister of agriculture and forestry, the interest rate on loans for fisheries laid down 9 January 1976 (1/76) pursuant to article 22, section 1 of the fisheries interest rate subsidies: loans Act, hereinafter referred to as the law on rate of this regulation, it is said in the form of a loan, the interest rate on the support for the fisheries sector within the meaning of the loan may not be granted if the loan application is made later than six months after the acquisition of property.
The interest rate of a loan can be granted to a maximum of two years to pay for the credit granted for the acquisition of fixed assets, which were acquired prior to the expiry of the period referred to in subparagraph (1). Loan application can be made after the expiry of the said time limit, if the payment of the credit back to the agreed time is still running.
The plant, in order to finance the construction of the ship or fishing boat to the interest-rate subsidy applied for a loan is granted under the condition that the construction work has not started before the interest rate of a loan under section 14 of the Board referred to in paragraph 2, the solution was. Specific reasons may be a loan, however, be granted for the financing of the work already begun.
The application shall be deemed to have been concluded on the date of the loan, making it, according to the task in the application has been submitted to the relevant credit institution.
The building also refers to the institution referred to in subparagraph 3 of the extension and the modernisation of the institution, and the ship.


section 2 of the plant and the acquisition of the vessel to the interest rate of a loan granted to the payment of the debts of the property referred to earlier, it is understood that in the context of the transfer of the purchase price.


Article 3 of the Loan application, which shall be submitted to the credit institution, must occur: 1 the full name, profession and) the applicant's place of residence, as well as the name of the group or the community make it, industry and home and, when it is a question of kalastajalainasta, the above mentioned personal data of shareholders or members;
2) loan funds;
3) linked to the amount of the loan;
the purchase price of the property to be acquired under the 4);
an estimate of the cost of the project and the construction of 5) construction work implementation time;
6) a financial plan;
the quality and value of the collateral offered, 7); as well as 8) when a question about the kalastajalainasta, the applicant and his spouse, as well as in terms of the assets and liabilities of the minors, as well as of the group or the community make the assets and liabilities of the shareholders or members in question.
When the subject is lending to the vessel or part of the body, in addition to the loan, or the application will occur: 1) that qualifies you for the name of the vessel, the type, the structure of the engine power, building materials, equipment and accessories, ship building or building of again time to examine the issues, as well as the length of the fishing vessel identification, in addition to the amount of the contribution by a fraction;
2 the type, the structure of the ship designed), building material, power, equipment, accessories and the length;
3) and for the assessment of the intended purpose of the institution in respect of the former, the building materials, the construction of the time to examine the facts, order of magnitude, as well as equipment and accessories; the construction of the plant, as well as 4) building material, magnitudes, devices and equipment.


section 4 of the application for the loan, the loan, the applicant must assert that the applicant has not received a loan for the same purpose the resources of the State or in which the State pays the lender the interest rebate, and that such a loan application has been received by the meaning, the original claim is pending.
In addition, the applicant shall declare the compliance of the loan application, Kalastajalainan, that he, his spouse and children, or, in terms of when the applicant is a group or community, its shareholders or members have any other assets or liabilities as to what the application is notified.


section 5 of the Kalastajalainaa on the loan application must be accompanied by: 1) the applicant's birth certificate, as well as to deal with the family relationship or of a registered community make an extract from the relevant register and shareholders in or members of a family relations with official explored by the certificates; and the certificate of the tax office, 2) indicating the applicant and his spouse, as well as make it or the community and the shareholders or members of the taxable income and assets as well as property tax and income tax provided for in the maksuunpantu äyrit.
The fish marketing loan loan application must be accompanied by an official certificate of the applicant or the applicant to the community is an extract from the relevant register.
When applying for a loan from the body, for the purpose of financing the acquisition of the ship or fishing boat is in addition to the application be accompanied by: 1) a certified copy of the title deed in the acquisition of the property or, if the transaction has not yet been made, the draft;
2 the right of ownership of the seller); and 3) if the ship is entered in the ship register or register of fishing vessels, an excerpt from it.
The body of the ship or fishing boat loans interest rates financing of the construction of meaning, the application shall be accompanied by a copy of the work with a construction contract or, in the absence of the said agreement has not yet been made, the draft of the agreement. If the loan is being sought to finance the work already begun, is the work of the construction of the stage attached to the application.
As a matter of the Ministry of agriculture and forestry is to give guidance as to what reports of the loan shall be attached to the application when applying for a loan for the acquisition of a foreign vessel.


section 6 of the application will be in addition to the articles 3 and 5, it is said, include the Ministry of agriculture and forestry and other reports which are deemed necessary by the credit institution.
The loan application must be endorsed by the Ministry of agriculture and forestry, in accordance with the formula.
Marketing applications for loans that have been made by the end of the first quarter, has to deal with a credit institution, and to check the interest rate of a loan under section 14 of the Act by virtue of a specific person during the month of April.


the interest rate on loans relating to article 7 of the promissory note must be an indication of what the interest rate of a loan under section 17 (1) and (2) is provided for in any way the obligation to carry out an increase of the interest rate of the loan and the interest rate as well as the State of the fine imposed by the lending credit institution, the interest rate, as well as of what is laid down in the said paragraph (3) of the credit institution the right to look at the loan without notice as soon as the payment considered overdue.
The promissory note must be taken of the condition that the loan may be called in the case of an interest or a repayment delay, run longer than thirty days from the date of maturity, watch without notice as soon as the terms of the loan agreement to pay the fine and considered overdue interest will be imposed.
In addition, it can be a loan to the promissory note that is to be given to having the condition, that the way of the loan is to be paid by the credit institution, the interest rate on the unpaid overdue loan repayments in respect of the period after the end of the aging period, as well as, when the interest rate of a loan the interest rate referred to in article 15 of the law credit for running other than the reasons stated in paragraph 17 of the stops, the size of the loan as from the date on which the interest rate rebate will not be performed. The rate shall not exceed the amount of the promissory note loans of a credit institution to the highest lending rate.


In addition to article 8, paragraph 7, and (2) it has been said, is the interest rate on the promissory note to be taken of the aid a loan, that loan may be terminated in whole or in part as soon as the back pay as well as the interest rate on the loan terms agreed by fine may be imposed, if: 1) due to the value of the collateral is poor or for any other reason, to the extent that the loan principal reduced, recovery is in jeopardy, and the debtor's behest, approved by the security loan sufficient to set;
the amounts secured by way of the property will be left palovakuuttamatta 2) full value or a fire insurance policy for the worse, or it will be abolished or allowed to expire, so even if the debtor does not submit to the lender within a period to be determined by this explanation of your insurance is in force;
3 the full value will be left for all lainoitettu property);
4 the value of the non-compliance with the ship's maintenance of the ship), lainoitetun of the essentially is reduced;
5 ulosottotoimin for sale lainoitettu property has;)
6) the bankruptcy debtor or guarantor or guarantor of the compositions or retrieves the dies, and the debtor's behest, approved by the security loan sufficient to set;
7) the debtor refuses to give the lender the loan for the control of the use of the information or if the interest rate on the credit institution, or in the form of a loan of section 16 of the law of the person referred to in paragraph 2 is prevented from running in what is required by the article;
8) the debtor in whole or in part to another to dispose of property that is the target of lending; as well as 9) lainoitettua property will no longer be used for the purposes of granting the loan was required.


section 9 of the institution, in order to finance the construction of the ship and the fishing boat loans interest rates granted to the beneficiary of the loan may be paid as and when the construction work is progressing. The last batch is not, however, be paid before work is carried out in an acceptable manner to the end.
At the start of the construction work may be an advance on the loan recipient to perform.


section 10 of the



The interest rate of a loan the interest rate referred to in article 15 of the law of compensation for the same period as the debtor, section 12 of this Regulation (2) to pay to the credit institution. The interest rate on overdue principal unpaid in respect of the period after the end of the month in which the allowance will not run.
If the interest rate of a loan according to section 7 (2) is to be paid by an overdue loan without notice, or in the cases referred to in article 8 will be made redundant as soon as the back payment, shall be carried out in respect of the loan, before the dismissal might be overdue principal, reading, the interest rate referred to in paragraph 1, the refund to a credit institution only, until the loan is repaid, however, up until the property is sold, the loan secured by a ulosottotoimin. However, the interest rate on the credit is paid more than what should be the original repayment schedule, according to the provision of paragraph 1, taking into account the had to pay. Ministry of agriculture and forestry, may 8 and the cases referred to in paragraph 7 to 9, however, provide that the rate of the refund shall cease to run.


Article 11 of the interest rate of a loan under section 17 of the cases referred to in subparagraph (1) is a matter for the Ministry of agriculture and forestry shall decide, without prejudice to article 15 of the law on the execution of any cessation of allowance at the rate referred to in.
When the interest rate subsidy to the attention of the lending credit institution has become a fact, that the interest rate of a loan under section 17 of the law, may lead to the execution of the closure, the rate of the allowance will forthwith inform the Ministry of agriculture and forestry.


Article 12 of the interest rate of a loan is to be repaid according to the agreed amortization period laid down in the equal payment of green fees, which must be carried out twice a year in June and December, the latter half of the year. The first payment of the fee must be carried out in the summer or during the month of December, three months after the first, followed by an increase in the loan, as well as of the institution, to the financing of the construction of the ship or fishing boat in order to complete the work in accordance with the period of the loan referred to in paragraph by paragraph. Specific reasons may be that the first payment of the fee must be carried out in the summer or during the month of December, every six months or one year after the first, followed by an increase in the loan.
Loan interest will start from the date of the loan, and the interest rate is to be carried out in connection with the payment of the fees referred to in subparagraph (1), calculated at the end of the six-month period in question in respect of the principal.


section 13 of the loan in order to mitigate the difficulties incurred by the concessionaire for reasons beyond the control of the application by the pitentää-time of not more than five years, if the loan on the basis of a report to be considered are set out in financial position due to the necessarily to be in need of such relief. The term of the loan, however, must not be pitennettynäkään have more than twenty years for the acquisition and construction of a fishing vessel in respect of kalastajalainan and 10 years for the rest of the loan. In this case, the loan is to be paid back the remaining amortisation period of capital and, according to the laid down in the new repayment schedules. The loan period can be pitentää so that one or more of the payment of an administrative fee. At the time of application, the period of the loan is more than the pitentäminen does not apply to the payment of a fee. When the loan is of a State guarantee, a loan up to pitentämiseen to get the consent of the Ministry of agriculture and forestry.
Pitentämisestä is valid for the duration of the loan, what interest rate of a loan under section 14 of the law provided for the granting of the loan.


section 14 When an abbreviation or shortening the suspension of the payment of the debt due to non-payment, the interest rate is, however, to pay for the date specified in article 12.


the payment of an interest-rate subsidy, section 15, of the recipient of the loan is released from so many in the carrying out of the agreed debt repayment following the extraordinary reduction mainly as is included in the next full repayment due fees. In spite of the extra lyhennyksestä is maksamattomalle capital in the days following the payment of interest calculated on items considered as standards to be carried out.
If the recipient of the loan if they pay extra for the repayment of the loan principal, however, wants the payback period for the reduction, shall be reduced to one in many ways, the second half of the year the amount is included in the full payment of the price paid for the items. If the recipient of the loan, the remaining outstanding capital, is to draw up a new repayment plan, without a reduction in the original scenario.


section 16 of the loan given by the credit institution must monitor the use of their checks, if necessary, on the spot, the loan and the loan terms and conditions.


section 17 of the interest rate of a loan the interest rate referred to in article 15 of the law of compensation shall be requested from the Ministry of agriculture and forestry, in respect of each six-month period.
The application referred to in subparagraph (1) above should be included in the calculation of the rebate for the necessary as determined by the Ministry of agriculture and forestry.


section 18 of the loans must make the granting of the credit institution, the interest rate of a loan when the conditions referred to in article 7 of the law for granting a State guarantee the existence, next to the Ministry of agriculture and forestry said. The presentation can be done only after the loan application is without prejudice to article 14 of the law in the manner described in subparagraph 2. The savings banks have to make proposals through the relevant Centre rahalaitoksen.
The State guarantee will be determined by the Ministry of agriculture and forestry, settlement of the loan principal and interest on the payment of a security, which is available to carry out the payment on the basis of the State guarantee of the loan prior to the commencement of the obligation.


the interest rate of a loan article 19 of law referred to in section 14 (2) of the inspection post for a specific person may be carried out for a premium, according to the Ministry of agriculture and forestry.


the provisions of section 20 of the more detailed for the application of this Regulation shall, if necessary, Ministry of agriculture and forestry.


section 21 of This Regulation shall enter into force on 1 April 1976.