. for approval to the government a draft law On the promotion of Russian citizens to the accumulation of a down payment on a mortgage loan, at the end of March, its plan to submit for consideration to the state Duma. About it said Last news the head of the Duma's Department on financial markets Anatoly Aksakov. The document envisages the introduction of the housing savings mechanism, due to which the population in the accumulation of a down payment on a mortgage loan will have the ability to get a loan to buy housing. According to the draft law, which is at the disposal of Last news , in this program can participate in only those Banks, which allowed the Central Bank in system of insurance of contributions. Credit organisations will be required to pay interest on such Deposit and after a certain contract period to give the client a mortgage loan. Such agreement will contain the amount of savings At which a Client can get a loan, the amount of the housing loan, term savings, rate of contribution. On the preparation of the draft law was made public a year earlier. Then the head of the state Duma Finance Anatoly Aksakov has explained that the interest on such deposits are higher. The Bank will have to issue no less than cheap mortgage loan when the contribution will accumulate the initial payment of 20%. Banks ambiguously felt that this project, being afraid of difficulties, for example, in connection with bad credit history of the potential borrower. the company previously expected to make housing savings deposits of citizens of Russia irrevocable. This value was not agreed in the current version of the draft eliminated, one way or another, the investor will not be able to get their savings from the Bank upon request. it is planned that the term of the contract savings will not be able to be no more than one year. In contrast to the usual contribution under the agreement, housing savings, the initial payment for the mortgage may not accumulate in several banks. In this case, the credit institution will have the right in future to refuse the client in the mortgage, if it considers that a potential borrower can not repay the loan on time. The client will also be entitled to cancel the mortgage, if the notify about it the Bank before the specified contract period of his detention. <span style="color:darkgray