Law 11 Of 1975 Real Estate Bank Capital Increase And Amend Legislative Decree No 29, 1966
Original Language Title: القانون 11 لعام 1975 زيادة رأس مال المصرف العقاري وتعديل المرسوم التشريعي رقم 29 لعام 1966
Read the untranslated law here: http://parliament.gov.sy/arabic/index.php?node=201&nid=16542&RID=-1&Last=10058&First=0&CurrentPage=13&Vld=-1&Mode=&Service=-1&Loc1=&Key1=&SDate=&EDate=&Year=&Country=&Num=&Dep=-1&
Law 11 of 1975 real estate bank capital increase and amend legislative decree No 29 of 1966 the President of the Republic on the provisions of the Constitution passed by Parliament at its meeting on 29-10-1983 issue: article 1-increased real estate bank capital specified in article 3 of Legislative Decree No 29 of 1966, as amended LS 100 million, covering the increase during a period of three years from the funds allocated for this purpose in the general budget and 25% of profits Annual Bank.
Article 2-Add "municipalities and public institutions and companies engaged in residential construction after the Housing Corporation to the text of paragraph 1 of article 6 of Legislative Decree No 29 of 1966, as amended.
Article 3-Add at the end of paragraph 2 of article 6 of Legislative Decree No 29 of 1966, as amended, the words "hospitals and schools.
Article 4-modify and integrate paragraphs a and b of article 7 of Legislative Decree No 29 of 1966, as amended and read as follows: "provision of mortgage loans for five years, or ten years to build and complete tourist facilities, hospitals, schools, housing and expanded role to perfection, and for fifteen years to buy and build houses.
Article 5-amend the term contained in paragraph e of article 9 of Legislative Decree No 29 of 1966, as amended so that ten years.
Article 6-amend the second paragraph of article 62 of Legislative Decree No 29 of 1966, as amended, read as follows: the book warning stating the Bank directly to the debtor or postcard convertible, communicated to the origins of communication of postal, rent cards specifying payment period of fifteen days from the date of the communication, being the communication of the borrower or his guarantor in place of residence specified in the loan instrument failing this pastes the financed property, or on a billboard implementation service Financed property area.
Article 7-insert the password (and endowments) before the relevant words in paragraphs 2 and 3 of article 33 of Legislative Decree No 29 of 1966, as amended, as well as a fourth paragraph should be added to the end of the article 33 of Legislative Decree No 29 of 1966, as amended, reads: abide by the administrative body provided for in the law on reconstruction of alarsat 14, 1974, upon written request of the real estate Bank, a mortgage, insurance and badge attachment to his advantage, and ordered him, on sheets The provisional register of real estate transactions and the effect of signals and signal argument registered in cadastre in rank, and privilege and conditions stipulated in article 24 of this law, to transmit these signals to cadastre and register.
Article 8 – amend for contained in the first paragraph of article 37 of Legislative Decree No 29 of 1966, as amended, so 40%.
Article 9 of this law shall be published in the Official Gazette and shall be deemed effective as of the date of issuance.
Damascus 3-11-1395, 6-11-1975 President Hafez Al-Assad
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