Of Credit Consumer Cooperatives Of Citizens

Original Language Title: О кредитных потребительских кооперативах граждан

Read the untranslated law here: http://pravo.gov.ru/proxy/ips/?doc_itself=&infostr=x&backlink=1&fulltext=1&nd=102072374

Expired-the Federal law from 18.07.2009 N 190-FZ of the RUSSIAN FEDERATION federal law on credit consumer cooperatives of citizens adopted by the State Duma on July 11, 2001 year approved by the Federation Council of the year July 20, 2001 (as amended by federal law from 03.11.2006 N 183-FZ) Chapter i. General provisions article 1. Subject of this federal law 1. Subject hereof are the relations that arise in the process of creation, activity, reorganization and liquidation of credit consumer cooperatives of citizens.
2. this federal law establishes principles, limitations and features of credit consumer cooperatives of citizens, rights and duties of members of credit consumer cooperatives of citizens, includes measures to protect the interests of the members of credit consumer cooperatives of citizens, regulate the interaction of credit consumer cooperatives of citizens and public authorities.
Article 2. Legislation on credit consumer cooperatives of citizens 1. Legislation on credit consumer cooperatives of citizens based on the Civil Code of the Russian Federation and consists of this federal law and adopted in accordance with the laws and other normative legal acts of the Russian Federation, as well as the laws and other normative legal acts of the constituent entities of the Russian Federation in the control and supervision of credit consumer cooperatives of citizens. (As amended by federal law from 03.11.2006 N 183-FZ)
2. this federal law does not apply to agricultural credit consumer cooperatives and their associations, operating in accordance with the Federal law of December 8, 1995 N 193-FZ "on agricultural cooperation. (Paragraph 2 is supplemented by federal law from 03.11.2006 N 183-FZ), Article 3. Basic concepts in the present Federal law uses the following concepts: shareholding-funds transferred to a member of the credit consumer cooperative of citizens in the ownership of credit consumer cooperative of citizens for the implementation of activities under its statute;
personal savings-funds transferred to a member of the credit consumer cooperative of citizens credit consumer cooperative of citizens on the basis of a contract for use in accordance with the objectives of the credit consumer cooperative of citizens;
Fund financial mutual funds used credit consumer cooperative of citizens to provide loans to its members; is formed at the expense of own funds of the credit consumer cooperative of citizens and personal savings to its members.
Article 4. Credit consumer cooperative of citizens 1. Credit consumer cooperative of citizens-consumer cooperative of citizens created citizens voluntarily associated for mutual financial assistance needs. Credit consumer cooperatives of citizens can be created based on the commonality of their place of residence, work, professional affiliation or any other generality citizens.
2. the number of members of the credit consumer cooperative of citizens may not be less than fifteen and over two thousand people.
3. the name of the credit consumer cooperative of citizens must contain the phrase "credit consumer cooperative of citizens". Organizations that do not meet the requirements of this federal law, shall not have the right to use the phrase in their names "credit consumer cooperative of citizens".
Article 5. Basic principles of credit consumer cooperatives of citizens the basic principles of credit consumer cooperatives of citizens are: voluntary entry into credit consumer cooperative of citizens;
freedom of exit credit consumer cooperative of citizens irrespective of the consent of the other members of the credit consumer cooperative of citizens;
equality of rights and duties of all members of the credit consumer cooperative of citizens regardless of the size of share contributions when making decisions;
the personal involvement of the members of the credit consumer cooperative of citizens in the management of credit consumer cooperative of citizens.
Article 6. Membership in the credit consumer cooperative of citizens 1. Members of credit consumer cooperative of citizens may be citizens who have reached the age of sixteen.
2. the members of the credit consumer cooperative of citizens have the right to use all services provided by the credit consumer cooperative of citizens;
to participate in the management of credit consumer cooperative of citizens and be elected to organs;
transfer on the basis of the agreement personal savings to the Fund of financial mutual credit consumer cooperative;

receive loans for consumer and other spending under the conditions laid down in the Statute of the credit consumer cooperative of citizens and other documents governing the credit consumer cooperative of citizens;
receive compensation for the use of their personal savings for the implementation of the financial assistance;
receive from the credit consumer cooperative of citizens with any information about the activity of the credit consumer cooperative of citizens, including information on the results of the external and internal audits of financial activity in the order specified by the Charter credit consumer cooperative of citizens;
get with the termination of membership in credit consumer cooperative of citizens the monetary value of share of property credit consumer cooperative of citizens, the relevant percentage of shareholding member credit consumer cooperative of citizens in the amount of contributions of members of the credit consumer cooperative of citizens;
acquire other rights stipulated by the legislation of the Russian Federation, the Charter credit consumer cooperative of citizens and other documents governing the credit consumer cooperative of citizens.
3. the members of the credit consumer cooperative of citizens are obliged to: make mutual contributions in the order specified by the Charter credit consumer cooperative of citizens. The size of the shareholding member credit consumer cooperative of citizens may not exceed ten per cent of the total contributions;
abide by the Charter of credit consumer cooperative of citizens;
comply with the decisions of the general meeting of members of the credit consumer cooperative of citizens and authorities credit consumer cooperative of citizens, adopted within the limits of their competence;
timely return loans;
cover formed damages credit consumer cooperative of citizens through additional contributions within three months after approval of the annual balance of credit consumer cooperative of citizens. Members of the credit consumer cooperative of citizens jointly and severally bear subsidiary liability for its obligations within the nevnesennoj part of the additional contribution of each of the members of the credit consumer cooperative of citizens;
carry other duties provided for by the legislation of the Russian Federation, the Charter credit consumer cooperative of citizens and other documents governing the credit consumer cooperative of citizens.
4. a member of the credit consumer cooperative of citizens shall be liable for its obligations to credit consumer cooperative of citizens on the basis of and pursuant to the procedure provided for by the legislation of the Russian Federation.
5. If a member of the credit consumer cooperative of citizens of his heirs, if they are not members of credit consumer cooperative of citizens and do not want or cannot become members of credit consumer cooperative of citizens are paid a percentage of the cash value of the property the credit consumer cooperative of citizens, the relevant percentage of shareholding deceased member credit consumer cooperative of citizens in the amount of contributions of members of the credit consumer cooperative of citizens.
Article 7. Termination of membership in credit consumer cooperative of citizens 1. Membership in the credit consumer cooperative of citizens is ceased in case of: voluntary withdrawal of credit consumer cooperative of citizens;
exceptions to the members of the credit consumer cooperative of citizens on the basis of and pursuant to the procedure prescribed by the laws of the Russian Federation and the Charter credit consumer cooperative of citizens;
Member of credit consumer cooperative of citizens or recognition of his death according to the law.
2. Upon termination of the membership of the credit consumer cooperative of citizens of member credit consumer cooperative of citizens shall have the right, under paragraph 2 of article 6 of this federal law to get the monetary value of share of property credit consumer cooperative of citizens of the respective percentage shareholding in the amount of contributions of members of the credit consumer cooperative of citizens. This amount must be paid within the time limits provided for by the Charter of credit consumer cooperative of citizens, but not later than three months from the date of filing of the statement of withdrawal.
Article 8. Associations (unions) of credit consumer cooperatives of citizens 1. Credit consumer cooperatives of citizens have the right to form associations (unions) of credit consumer cooperatives of citizens, to join already established associations (unions) of credit consumer cooperatives of citizens and leave them. Decision to join the Association (Union) of credit consumer cooperatives of citizens or of exit shall be adopted by the general meeting of the members of the credit consumer cooperative of citizens.

2. the highest body of the Association (Union) of credit consumer cooperatives of citizens is the general meeting of representatives of credit consumer cooperatives of citizens included in the specified Association (Union).
Article 9. International relations of credit consumer cooperatives of citizens Credit consumer cooperatives of citizens and their associations (unions), in accordance with the legislation of the Russian Federation may establish international relations with organizations of foreign States, international non-governmental organizations.
CHAPTER II. Creation, reorganization and liquidation of CREDIT CONSUMER COOPERATIVES of CITIZENS Article 10. The creation of credit consumer cooperatives of citizens credit consumer cooperative of citizens is created upon an initiative of not less than 15 and not more than two thousand people. State registration of credit consumer cooperatives of citizens is carried out in the manner determined by the law on the State registration of legal persons.
Article 11. The constituent instruments of credit consumer cooperatives of citizens 1. Credit consumer cooperative of citizens shall act on the basis of the Charter, which shall be approved and amended by the general meeting of the members of the credit consumer cooperative of citizens.
2. the Statute of credit consumer cooperative of citizens should include: name of credit consumer cooperative of citizens and its location;
the subject and purpose of the activity of the credit consumer cooperative of citizens;
the procedure for admission to membership in the credit consumer cooperative of citizens and the termination of the membership in credit consumer cooperative of citizens, including the grounds and procedure for the exclusion of members of the credit consumer cooperative of citizens;
the size, composition and make share contributions;
responsibility of members of the credit consumer cooperative of citizens for violating obligations to make share contributions;
procedure of returning a member credit consumer cooperative of citizens upon exiting the credit consumer cooperative of citizens the monetary value of share of property credit consumer cooperative of citizens corresponding to the share of its shareholding in the amount of contributions of members of the credit consumer cooperative of citizens;
the conditions and procedure for borrowing members credit consumer cooperative of citizens;
rights and obligations of the members of the credit consumer cooperative of citizens;
the rights and obligations of credit consumer cooperative of citizens before their members;
composition and competence of the credit consumer cooperative of citizens, the order of their creation, decision-making rules, including issues on which decisions are taken by qualified majority;
sources of formation and use of the property of credit consumer cooperative of citizens;
funds generated by the credit consumer cooperative of citizens;
procedure for covering credit consumer cooperative of citizens members incurred losses;
the procedure for providing information to members of credit consumer cooperative of citizens and the responsibilities of credit consumer cooperative of citizens for its failure;
the procedure for conducting regular and extraordinary external audits of the financial activities of credit consumer cooperative of citizens;
the procedure for reorganization and liquidation of credit consumer cooperative of citizens.
3. the Charter of a credit consumer cooperative of citizens can be provided for other not contradicting the legislation of the Russian Federation of the provisions governing the creation and activities of credit consumer cooperative of citizens and its organs, including the restriction on participation in the bodies of relatives credit consumer cooperative of citizens.
Article 12. Reorganization of credit consumer cooperative of citizens reorganization of credit consumer cooperative of citizens is carried out on the basis of and pursuant to the procedure provided for by the legislation of the Russian Federation. Body of credit consumer cooperative of citizens entitled to take the decision about reorganization of credit consumer cooperative of citizens is the general meeting of members of the credit consumer cooperative of citizens. If the number of members of the credit consumer cooperative of citizens exceeds two thousands, within 6 months from the moment of achieving the number of authorized a reorganization of credit consumer cooperative of citizens in the form of separation or discharge from its composition of one or more legal persons in the manner prescribed by the legislation of the Russian Federation.
Article 13. Elimination of credit consumer cooperative of citizens

1. Elimination of credit consumer cooperative of citizens is carried out on the basis of and pursuant to the procedure provided for by the legislation of the Russian Federation. Elimination is also carried out if the number of members of the credit consumer cooperative of citizens is less than fifteen people. Body of credit consumer cooperative of citizens entitled to decide on voluntary liquidation, is the general meeting of members of the credit consumer cooperative of citizens.
2. property credit consumer cooperative of citizens remaining after satisfaction of the claims of creditors shall be apportioned among the members of the credit consumer cooperative of citizens in accordance with their mutual contributions.
CHAPTER III. The ACTIVITIES of CREDIT CONSUMER COOPERATIVES of CITIZENS Article 14. Property credit consumer cooperative of citizens 1. Property credit consumer cooperative of citizens formed through mutual contributions of its members, the proceeds of the credit consumer cooperative of citizens from its activities, as well as by sponsorship contributions, donations and other sources not prohibited by the legislation of the Russian Federation.
2. property credit consumer cooperative of citizens was his by right of ownership.
3. Personal savings of the members of the credit consumer cooperative engaged in mutual aid Fund are not the property of credit consumer cooperative and not burdened by the execution of its obligations.
Article 15. Procedures for the transfer of personal savings in the credit consumer cooperatives 1. Transfer personal savings credit consumer cooperative of citizens is carried out on the basis of the contract concluded between the credit consumer cooperative of citizens and a member in writing. Failure to comply with the written form of the Treaty entails its invalidity.
2. Treaty on the transfer of credit consumer cooperative of citizens personal savings must contain conditions on the amount provided by personal savings, order their transfer, terms and order of return credit consumer cooperative of citizens, the amount and order of payment for their use. The parties to the contract may include other conditions.
3. payment of credit consumer cooperative of citizens members of credit consumer cooperative of citizens for the use of their personal savings is included in the cost of credit consumer cooperative of citizens.
4. personal savings of citizens on the basis of the agreement passed in using credit consumer cooperative are recorded and shown separately from other financial mutual fund credit consumer cooperative.
Article 16. Fund financial mutual credit consumer cooperative of citizens 1. Credit consumer cooperative of citizens creates a mandatory financial mutual fund that is the source of the loans granted to members of the credit consumer cooperative of citizens.
2. financial Mutual Fund is formed by part of the own funds of credit consumer cooperative of citizens, the amount of which shall be determined by the Board of the credit consumer cooperative of citizens in accordance with its Statute and the decision of the general meeting of members of the credit consumer cooperative of citizens, as well as personal savings of the members of the credit consumer cooperative of citizens passed on the basis of the contract for usage credit consumer cooperative of citizens only to provide loans to its members.
3. Part of the financial assistance intended to issue loans for business purposes may not exceed half of the Fund for financial assistance. The size of the specified part of the Foundation of mutual financial aid shall be established in accordance with the Charter of the credit consumer cooperative of citizens at the general meeting of members of the credit consumer cooperative of citizens.
4. the amount of the unencumbered balances of temporarily financial mutual fund cannot constitute more than half of the Fund. Temporarily free financial mutual fund balance may be used exclusively for the purchase of State and municipal securities, as well as for storage on deposit accounts in banks.
Article 17. Procedure of granting loans credit consumer cooperatives of citizens 1. Financial mutual fund credit consumer cooperative are used to provide loans to members only credit consumer cooperative of citizens.
2. transfer cash credit consumer cooperative of citizens loan contract is issued to its members. The loan agreement shall be in writing. Failure to comply with the written form of the loan agreement shall entail its invalidity.

3. Loan contract can be interest-free, unless expressly provided otherwise, in cases where the contract is for an amount not to exceed the size specified in Article 809 of the Civil Code of the Russian Federation, and is not connected with entrepreneurial activity of the borrower.
Article 18. Non-financial services credit consumer cooperative of citizens credit consumer cooperative of citizens can provide other services to its members, consistent with the objectives of the activities of credit consumer cooperatives of citizens and which do not contradict the legislation of the Russian Federation, including: insurance contracts on behalf and on behalf of its members, in accordance with its Charter and decisions of the general meeting of members of the credit consumer cooperative of citizens;
provide advisory services to its members.
Article 19. Restrictions on activity of a credit consumer cooperative of citizens credit consumer cooperative of citizens may not issue loans to citizens, not members of credit consumer cooperative of citizens;
to issue loans to legal entities;
to sponsor for the obligations of its members and third parties;
make your property as a contribution to the Charter (total) capital business partnerships and companies, production cooperatives and different way to engage its assets in shaping property of legal persons;
issue its own securities;
buy shares and other securities of other issuers, other operations at financial and stock markets, with the exception of holding funds on current and deposit accounts in banks and the purchase of State and municipal securities.
Article 20. Protection of the financial interests of the members of the credit consumer cooperative of citizens 1. Credit consumer cooperative of citizens shall form the reserve fund to provide contingency and can generate an insurance fund to cover possible losses from the activity of the credit consumer cooperative of citizens. Dimensions of the insurance and contingency funds approved by the general meeting of members of the credit consumer cooperative of citizens.
2. Credit consumer cooperative of citizens in accordance with its statute or decision of the General Assembly of the members of the credit consumer cooperative of citizens insures the risk of default loans on the occasion of the death or disability of a borrower in public insurance companies or insurance companies established associations (unions) of credit consumer cooperatives of citizens or with their participation for these purposes. In case of impossibility of insurance specified risk in these companies, the insurer shall be approved by the general meeting of the members of the credit consumer cooperative of citizens on the proposal of the Board of Directors of credit consumer cooperative of citizens.
3. the Charter of a credit consumer cooperative of citizens or the decisions of the general meeting of members of the credit consumer cooperative of citizens shall be established by the financial regulations of its activity. Mandatory limits on the ratio of the sum of the contributions and the amount of personal savings;
the own funds of credit consumer cooperative of citizens and total liabilities credit consumer cooperative of citizens;
the magnitude of the contingency fund and the amount of financial assistance;
the sizes of the loans issued by member credit consumer cooperative of citizens, and the amount of financial assistance.
Charter credit consumer cooperative of citizens or the decisions of the general meeting of members of the credit consumer cooperative of citizens can be installed and other standards.
4. Credit consumer cooperative of citizens shall be liable for its obligations to its members on the basis of and pursuant to the procedure provided for by the legislation of the Russian Federation.
CHAPTER IV. CONTROL and monitoring of CREDIT CONSUMER COOPERATIVES of CITIZENS Article 21. Authorities credit consumer cooperative of citizens 1. Authorities credit consumer cooperative of citizens are the general meeting of members of the credit consumer cooperative of citizens, the Board of the credit consumer cooperative of citizens, the Audit Commission credit consumer cooperative of citizens and Director of credit consumer cooperative of citizens. Credit consumer cooperative of citizens can be further created the Committee on loans and (or) other bodies in accordance with this federal law and under the Charter.
2. members of the Board, the members of the Committee on loans and the members of the Audit Committee of credit consumer cooperative of citizens do not receive fees for their activities in these bodies. Members of the Management Board, the members of the Committee on loans and the members of the Audit Commission credit consumer cooperative of citizens may be reimbursed for expenses incurred in connection with the implementation of its activities in these bodies.

3. the activities of the Board, the Committee on loans, the Audit Commission and Director of the credit consumer cooperative of citizens is regulated by the Statute of credit consumer cooperative of citizens and the provisions on bodies of credit consumer cooperative of citizens if the provisions approved by the general meeting of members of the credit consumer cooperative of citizens.
Article 22. The general meeting of members of the credit consumer cooperative of citizens 1. The supreme body of credit consumer cooperative of citizens is the general meeting of members of the credit consumer cooperative of citizens. Qualified meeting is considered, which involved at least 70 per cent of the members of a consumer cooperative. An annual general meeting shall be held within the time frame defined by the Charter credit consumer cooperative of citizens but not less than once a year. Extraordinary general meeting of the members of the credit consumer cooperative of citizens shall be convened on the initiative of the Board, the Committee on loans, its internal audit Commission or the Director of the credit consumer cooperative of citizens or at the request of not less than one third of the total number of its members.
2. some questions to the exclusive competence of the general meeting of the members of the credit consumer cooperative of citizens, which is accepted by two thirds of the total number of members of the credit consumer cooperative of citizens include: approval of the Charter, amendments and additions thereto;
approval of the regulations on the order of formation and use of funds of credit consumer cooperative of citizens concerning treaties concluded credit consumer cooperative of citizens with their members, on the bodies of credit consumer cooperative of citizens, as well as other provisions on the activities of credit consumer cooperative of citizens;
adoption of the basic directions of spending credit consumer cooperative of citizens, including limits on administrative costs;
definition of principles for the granting of loans, including the definition of the maximum size of a loan granted to a member of the credit consumer cooperative of citizens;
the decision of questions on joining in associations (unions) of credit consumer cooperatives of citizens and leaving these associations (unions);
the decision about reorganization and liquidation of credit consumer cooperative of citizens.
Matters on which decisions are taken by a majority of votes, include: the election of the Board of credit consumer cooperative of citizens, its Chairman, the Audit Commission credit consumer cooperative of citizens, their re-election, as well as consideration of the reports of their activities;
adoption of the decisions of the Management Board of the credit consumer cooperative of citizens and the Audit Commission credit consumer cooperative of citizens requiring approval under this Federal law or the Charter credit consumer cooperative of citizens;
approval of the annual balance;
adoption as appropriate decision on audit and Auditor selection;
determining education funds credit consumer cooperative of citizens and their use, approval of reports on the use of funds of credit consumer cooperative of citizens.
3. the general meeting of members of the credit consumer cooperative of citizens entitled to accept for consideration any matter relating to the activities of credit consumer cooperative of citizens, and to make a decision on this matter, if it is introduced on the initiative of the Board of credit consumer cooperative of citizens or its Chairman, Audit Commission credit consumer cooperative of citizens or one of its members, the Committee on loans credit consumer cooperative of citizens or the Director of the credit consumer cooperative of citizens or at the request of not less than one third of the total number of its members.
4. the decision of the general meeting of members of the credit consumer cooperative of citizens shall be considered adopted if it receives more than half of the members of this Assembly, which is empowered to take decisions in accordance with the Charter of the credit consumer cooperative of citizens.
Article 23. The Board of the credit consumer cooperative of citizens 1. In the periods between the General Assemblies of the members of the credit consumer cooperative of citizens of its administration carries out the Board of the credit consumer cooperative of citizens. Chairman of the Board of credit consumer cooperative of citizens and its members are elected by the general meeting of members of the credit consumer cooperative of citizens by secret ballot.
2. Chairperson of the Management Board of the credit consumer cooperative of citizens and members of its Board could not hold the position of Director of credit consumer cooperative of citizens may not be members of the Audit Commission credit consumer cooperative of citizens and members of the Committee on loans credit consumer cooperative of citizens.

Board member of credit consumer cooperative of citizens can combine their activities in the Board with the work in the credit consumer cooperative of citizens under an employment agreement (contract).
The number of Board members, working in the credit consumer cooperative of citizens under an employment agreement (contract) shall not exceed one third of the Board.
Article 24. Committee on loans credit consumer cooperative of citizens 1. Committee on loans credit consumer cooperative of citizens (hereinafter-the Committee on loans) takes decisions on issuing loans and their repayment in accordance with the principles laid down by the general meeting of members of the credit consumer cooperative of citizens.
2. the Committee shall be elected by the general meeting of members of the credit consumer cooperative of citizens by secret ballot.
The credit consumer cooperatives of citizens with the number of members more than a hundred people Election Committee on loans is required. The credit consumer cooperatives of citizens with the number of members less than a hundred people borrowing Committee's function may be assigned by the general meeting of the members of the credit consumer cooperative of citizens on its Board.
Members of the Committee on loans may not be Director of credit consumer cooperative of citizens, the Chairman of the Board of credit consumer cooperative of citizens and members of its management board, the members of the Audit Committee of credit consumer cooperative of citizens.
Members of the Committee on loans may not combine their activities in the Committee on loans with the credit consumer cooperative of citizens under an employment agreement (contract).
Article 25. The Audit Commission credit consumer cooperative of citizens 1. The Audit Commission, elected by the general meeting of the members of the credit consumer cooperative of citizens, supervises credit consumer cooperative of citizens and its institutions.
2. The members of the Audit Commission may not be Director of credit consumer cooperative of citizens, the Chairman of the Board of credit consumer cooperative of citizens and members of its management board, the members of the Committee on loans.
3. The members of the Audit Committee of credit consumer cooperative of citizens cannot combine their activities with the work of the Audit Commission in the credit consumer cooperative of citizens under an employment agreement (contract).
Article 26. Director of credit consumer cooperative of citizens 1. The executive body of the credit consumer cooperative of citizens is the Director. Director of credit consumer cooperative of citizens shall be appointed and removed from Office by the general meeting of the members of the credit consumer cooperative of citizens, and in the period between the General meetings of the members of the credit consumer cooperative of citizens Board credit consumer cooperative of citizens with the required approval at the next ordinary general meeting. Director of credit consumer cooperative of citizens may not be a member of the credit consumer cooperative of citizens.
2. Director of credit consumer cooperative of citizens carries out its activities in accordance with the Charter of the credit consumer cooperative of citizens, the decisions of the general meeting of members of the credit consumer cooperative of citizens and its Board.
3. Director of credit consumer cooperative of citizens may not be elected Chairman of the Board of credit consumer cooperative of citizens, a member of its Board, a member of the Audit Commission credit consumer cooperative of citizens, a member of the Committee on loans.
4. Director of credit consumer cooperative of citizens can be employed in the credit consumer cooperative of citizens under an employment agreement (contract) employees on the basis of installed by the general meeting of the members of the credit consumer cooperative of citizens overall cost amounts for administrative expenses.
5. Credit consumer cooperative of citizens acquire and exercise civil rights and obligations, through its Director, who acts on behalf of credit consumer cooperative of citizens.
Article 27. State regulation of credit consumer cooperatives and their unions 1. State regulation of credit consumer cooperatives and their unions is carried out in the following main forms: registration credit cooperatives and their unions;
supervision of credit cooperatives and their unions in accordance with the legislation of the Russian Federation;
applying liability measures to credit consumer cooperatives and their associations in the event of non-compliance with the requirements of the legislation of the Russian Federation.
2. State regulation of credit cooperatives and their unions is carried out by the authorized federal body of executive power.
3. the authorized federal body of executive power shall adopt normative legal acts in accordance with the requirements of this federal law, binding in respect of the activities of credit cooperatives and their unions.

Article 28. Self-regulation activities credit cooperation 1. Credit consumer cooperatives have the right to establish self-regulation bodies of its activities.
2. Self-regulatory bodies of credit cooperatives are voluntary organizations (associations), associations and unions of legal entities created and registered in accordance with the law.
3. The self-regulation bodies can carry out the following basic powers: a) involved the authorized federal body of executive power to implement inspection monitoring of credit cooperatives, their compliance with the requirements of this federal law, other regulations;
b) contact the authorized federal body of executive power, other federal executive authorities in connection with a violation of this federal law or for the Elimination of obstacles to the activities of credit consumer cooperatives;
in) to bring claims in accordance with the law in court, Arbitration Court for the benefit of members of credit consumer cooperatives and their unions in case of violations of their rights under the legislation of the Russian Federation;
g) methodical scientific consulting, training, support to activities of credit consumer cooperatives and their unions;
d) harness the experience and practice in the sphere of regulation of credit consumer cooperatives and their unions;
(e)) implements and other functions provided for in its Statute.
Article 29. Relationship of credit consumer cooperatives with authorities Credit consumer cooperatives of citizens interact with government agencies of constituent entities of the Russian Federation and local authorities in implementing the requirements of this federal law.
State authorities of the constituent entities of the Russian Federation and bodies of local self-government cannot make decisions that limit established by this federal law the right of citizens to form credit consumer cooperatives of citizens, as well as the right of credit consumer cooperatives of citizens and their members.
Chapter V final provisions Article 30. Enactment of this federal law 1. This federal law shall be put into effect from the day of its official publication.
2. The founding documents of the organizations that were created before the enactment of this federal law and required by this federal law, activities are subject to adjustment in accordance with this federal law within one year from the date of its launch.
The founding documents of the organizations not listed in accordance with this federal law within one year from the date of entry into force shall be deemed null and void.
3. Before the enactment of the law on State registration of legal entities State registration of credit consumer cooperatives of citizens is carried out in accordance with the law.
4. invite the President of the Russian Federation and to entrust the Government of the Russian Federation to bring its normative acts in compliance with this federal law.
The President of the Russian Federation v. Putin Kremlin, Moscow, N August 7, 2001 117-FZ