Putin has limited the maximum amount of debt on the consumer credits
. Vladimir Putin signed a law limiting the maximum amount of debt on consumer loans. Relevant document posted by on the official portal of legal information.

. Vladimir Putin signed a law limiting the maximum amount of debt on consumer loans. Relevant document posted by on the official portal of legal information.
The total size of percent and penalties on a consumer loan, the repayment period of which does not exceed one year, will be limited in stages.
So, if the loan was given after the law came into force, the maximum amount of debt until July 2019, cannot exceed the amount of the original loan is more than 2. 5 times, until January 2020 - 2 times, and after one and a half times.
in addition, the interest rate on such loans after the law came into force should not exceed 1 5 percent a day, from July 2019 - one percent.
for its part, the full Price of the loan at the time of conclusion of the contract from July 2019 may not exceed more than thirty percent of the lower of values: 365% per annum or the Bank the average market value of the total cost of credit per annum.
Also Now against the law to charge interest on loans without any security for a period of not more than fifteen days in an amount not more than ten thousand Rubles. by which a fixed amount of payments will reach 30 thousand.
However, this does not apply to liquidated damages in the amount of 0, 1 percent of the debt for every day of delay. Daily fixed amount payments for such loans must not exceed 1/15 the maximum permissible values of fixed payment amounts.
the contract has to be spelled out that the increase in time and the loan amount is prohibited.
in addition, it prohibits the recovery of debts under the loans which issued a " black creditors ".
Now it can deal only with a legal entity: professional professional creditors and collection agencies, eligible