On Bank of Russia Ordinance No. 3892-U, dated 11 December 2015

On Bank of Russia Ordinance No. 3892-U, dated 11 December 2015, ‘On Amending Bank of Russia Ordinance No. 3572-U, Dated 19 February 2015, ‘On the Procedure for Submitting Inquiries to and Receiving Information from the Central Catalogue of Credit Histories on the Credit History Bureau in Charge of the Credit History of a Credit History Maker via a Credit History Bureau’

The Bank of Russia issued Ordinance No. 3892-U, dated 11 December 2015, ’On Amending Bank of Russia Ordinance No. 3572-U, Dated 19 February 2015, ‘On the Procedure for Submitting Inquiries to and Receiving Information from the Central Catalogue of Credit Histories on the Credit History Bureau in Charge of a Credit History of a Credit History Maker via a Credit History Bureau’, registered with the Ministry of Justice of the Russian Federation on 9 February 2015 under No. 41022.

Ordinance No. 3892-U adds a new rule to the existing procedure requiring from the Central Catalogue of credit histories to provide information on the credit history bureau in charge of the credit history of a credit history maker to receivers appointed for the insolvency (bankruptcy) case of an individual credit history maker (hereinafter, the receiver) via credit history bureaus, credit institutions, microfinance organisations, and credit cooperatives.

Ordinance No. 3892-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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