The Amendments To The Law On Credit Institutions

Original Language Title: Grozījumi Kredītiestāžu likumā

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The Saeima has adopted and the President promulgated the following laws: the law of credit institutions to make the law of credit institutions (the Parliament of the Republic of Latvia and the Cabinet of Ministers rapporteur, 1995, nr. 23; 1996, 9, 14, 23 no; 1997, no. 23; 1998; 2000, no. 13, no. 13; 2002, 10, 23; 2003, nr. 14. No; 2004, 2, 12, No 23; 2005, 13, 14, 15, 2006 no; no, No 7; 2007) follows 1. Article 63: Add to the first part of paragraph 15 with the following: ") 15, State revenue service, the details of an individual's income from the deposits of the law" on personal income tax "in the cases specified."; replace the numbers in the second paragraph and the words "in paragraph 1 and 12" with numbers and the words "1, 12 and 15."; Add to the second sentence of the third paragraph after the words "and the timeless" with a number and the words "15. in the case referred to in paragraph 1 of the law" on personal income tax "in the form prescribed and timeless". 2. To make 90. the first paragraph by the following: "(1) the management of the credit institution of sworn auditor's report addressed to the credit institution shall submit financial and capital market Commission within 10 days after the approval of the annual report of a credit institution's shareholders ' meeting, but no later than three months after the end of the year." 3. Turn off the article 92, the words "when the credit institution's annual report filed with the financial and capital market Commission". 4. Article 106: turn off the fourth and fifth; consider the current sixth for the fourth part. 5. Supplement article 106.1 of the law with the following: "article 106.1. (1) the Bank and the bank's subsidiaries, which provide with credit risk related financial services, within the limits laid down by the Bank of Latvia and the Bank of Latvia on the agenda given the news of his borrowers and borrower, guarantor of their commitments and their status. (2) the Bank collects and stores in the first part of the information referred to in the credit register, established and operating in accordance with the rules approved by the Bank. (3) the amount and Terms of the order in which the credits register messages are provided to the borrower, the borrower's guarantor, to the bank, a subsidiary of the bank, which provides credit risk related to financial services, and financial and capital market Commission, established the Bank of Latvia. (4) in order to cover the credit registry maintenance expenses, the bank, a subsidiary of the bank, which provides credit risk related to financial services, and financial and capital market Commission of Latvia pay Bank fees on credit registry. Fee and payment arrangements determined by the Bank of Latvia. " 6. Replace the second paragraph of article 111, the words and figures "and 61 of this law, in accordance with the procedure laid down in article 107, as well as in other laws in the cases and procedures" with the words "this law, as well as in other laws in the cases and in the order". 7. Supplement article 113 after the word "deposit" with the words "or other" of leverage. 8. Article 114: Supplement to the second part of the article as follows: "(2) the first paragraph of this article the decision on restrictions on financial and capital market Commission and the Cabinet of Ministers is entitled to accept the request without a bank." believe the current text of the first part of the article. 9. supplement article 197.1 article: with a new third subparagraph by the following: "(3) the financial and capital market Commission is entitled to exercise one or more of the second part of this article, these measures, if any, from the consolidation group of the credit institution in the existing commercial activities or may pose a threat to a credit institution concerned or the whole of the sector of credit institutions stable activity, impede the proper conduct of transactions or provide financial services."; consider the third part of the fourth paragraph of article. 10. in article 198: replace the third part number and the words ' article 106 the quarter "with a number and the words" in the first paragraph of article 106.1 ". to supplement the article with the fifth, sixth and seventh subparagraph by the following: "(5) the consumer credit agreement, which the credit amount is equal to 100 minimum monthly salaries, or greater, if not received in the State revenue service or other State tax administration statement of the consumer's income, financial and capital market Commission, the bank imposes a fine of 1000 lats. The same acts, if committed repeatedly within one year of the imposition of that penalty, the financial and capital market Commission, the bank imposes a fine of 3000 lats. (6) on the issue of credit, the amount of which is equal to 100 minimum monthly salaries, or greater, and a repayment of the secured by real estate mortgages, more than 90 percent of the real estate market value financial and capital market Commission, the bank imposes a fine of 1000 lats. The same acts, if committed repeatedly within one year of the imposition of that penalty, the financial and capital market Commission, the bank imposes a fine of 3000 lats. (7) on the issue of consumer credit, the amount of which is equal to 100 minimum monthly salaries, or greater, if there is no initial payment, financial and capital market Commission, the bank imposes a fine of 1000 lats. The same acts, if committed repeatedly within one year of the imposition of that penalty, the financial and capital market Commission, the bank imposes a fine of 3000 lats. " 11. transitional provisions be supplemented by the following paragraph 31: "31. amendments in article 106 of this Act with respect to the fourth and fifth parts of the shutdown and the third paragraph of article 198, and 106.1 article shall enter into force on January 1, 2008."
The law adopted by the Parliament in the 17 May 2007. State v. President Vaira Vīķe-Freiberga in Riga on 29 May 2007 in