On Bank of Russia Ordinance No. 3893-U, dated 11 December 2015

On Bank of Russia Ordinance No. 3893-U, dated 11 December 2015, ’On the Procedure for Submitting Inquiries and Receiving Information from the Central Catalogue of Credit Histories via a Credit Institution’

The Bank of Russia issued Ordinance No. 3893-U, dated 11 December 2015, ’On the Procedure for Submitting Inquiries and Receiving Information from the Central Catalogue of Credit Histories via a Credit Institution’ registered with the Ministry of Justice of the Russian Federation on 9 February 2015 under No. 41021.

Ordinance No. 3893-U is a new version of Bank of Russia Ordinance No. 1612-U, Dated 31 August 2005, ’On the Procedure for Submitting Inquiries and Receiving Information from the Central Catalogue of Credit Histories by Credit History Makers and Users via a Credit Institution’.

Ordinance No. 3893-U sets the procedure for credit history makers and users, and receivers appointed for an insolvency (bankruptcy) case of an individual credit history maker (hereinafter, the receiver) to submit inquiries to the Central Catalogue of credit histories for information on the credit history bureau in charge of the credit history of a credit history maker and to receive information from the Central Catalogue of credit histories via a credit institution.

Ordinance No. 3893-U envisages that receivers’ inquiries and responses from the Central Catalogue of credit histories to such inquires shall be forwarded to the receiver in the same manner as it is done for individual credit history makers.

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