Amendments To The Bank Of Latvia On 13 September 2007 The Regulation No 8 "credit Registry"

Original Language Title: Grozījumi Latvijas Bankas 2007.gada 13.septembra noteikumos Nr.8 "Kredītu reģistra noteikumi"

Read the untranslated law here: https://www.vestnesis.lv/ta/id/167094

The Bank of Latvia Regulation No 11 2007 in Riga on November 15, amendments to the Bank of Latvia 2007 September 13 Regulation No 8 "credit registry" Issued in accordance with article 106.1 of the law of credit institutions, the first, second and third part of the credit unions Act article 27.1 of the first, second, and third, an insurance company and under the supervision of the law in article 3 the first, second and third parts and ground vehicle owners civil liability compulsory insurance act the first 51.2 , second and third subparagraphs 1. make Latvian Bank 13 September 2007 the Regulation No 8 "credit registry" (Latvian journal, 2007, Nr. 151) the following amendments: 1. to supplement, on the basis of the provisions of the Act, issued with the words and the number "and land vehicle liability compulsory insurance act of 51.2 the first, second and third part";
1.2. make 1.2. Sub-paragraph as follows: "1.2. the scope and terms of the order in which the bank, a subsidiary of the bank, which provides credit risk related to financial services (hereinafter – the bank's subsidiary company), credit unions, insurers and the Latvian Office of the insurer of the vehicle (hereinafter LTAB) provides details of the Bank of Latvia for their borrowers and borrower, guarantor of their commitments and their status;"
1.3. to complement the 1.3. subparagraph after the word "insurer" with the word "LTAB";
1.4. to supplement paragraph 2, after the word "insurer" with the words "and" LTAB;
1.5. make the paragraph 4 first sentence by the following: "4. The Bank's subsidiary in the Republic of Latvia registered the bank's subsidiaries registered in the Republic of Latvia, t.sk. In the Republic of Latvia registered subsidiaries of the bank branch, which is incorporated in the Republic of Latvia, or in another country to bank subsidiaries registered in the Republic of Latvia, t.sk. in another country to a subsidiary of the bank branch, which is incorporated in the Republic of Latvia. "
1.6. make paragraph 9 by the following: "9. The borrower's liabilities balance at the end of the calendar quarter, the borrower's obligations during the reference period (calendar quarter).";
1.7. to make paragraph 10 by the following: ' 10. Debtor information-details about the borrower and borrower's guarantor, t.sk. persons who, in accordance with the Treaty, or, having been convicted by a final court ruling on subrogation performance is an insurer an obligation to pay or the amount that insurers LTAB or paid this person LTAB (hereinafter regresāt), and regresāt the guarantor, loan contract, contract, contract, guarantee or a court ruling on subrogation enforcement down payment delays and their execution, details of credit article 73 of law violations and other relevant Member evaluation loan agreement guarantee contract or contract for subrogation enforcement violations. ";
1.8. to supplement 27 "after the word" insurer "and" LTAB;
1.9. adding to paragraph 38, after the word "right" with the words "free of charge";
1.10. adding to paragraph 52, after the word "members" with the words "except LTAB".
2. the rules shall enter into force on January 1, 2008.
The President of the Bank of Latvia is Rimšēvič.