HENCEFORTH INTERESTS OF CREDIT-RECEIVING CITIZENS TO BE<br /> PROTECTED BY LAW<br />


HENCEFORTH INTERESTS OF CREDIT-RECEIVING CITIZENS TO BE
PROTECTED BY LAW

  • 05-06-2008 17:50:00   | Armenia  |  Economy
YEREVAN, JUNE 5, NOYAN TAPAN. The aim of adopting the law on consumer crediting is to protect the rights of citizens who received credits. The deputy chairman of the Central Bank of Armenia (CBA) Arthur Javadian told reporters following the June 5 sitting of the government that at the sitting the government approved the bill on consumer crediting, which gives additional rights to consumers, indluding the rights to repay the credit ahead of time and to renounce the agreement on crediting. A. Javadian said that the bill on bank deposits aims to protect consumers' rights in the financial sphere and establish the united rules on attraction of citizens' money. In his words, the purpose of the bill is to provide consumers with such information that will allow them to compare the conditions of deposit attraction by various banks and to make a reasonable choice.
  -   Economy