The Legal Committee is comprised of over 35 participants including banks, banking associations, law firms and financial companies.
The purpose of the Committee is two-fold: (i) to draft standard documents to be used for mortgage transactions such as a Standard Zakladnaya (i.e. Mortgage Certificate) and a Standard Loan Agreement, and (ii) to develop recommendations for government counterparts in order to improve current legislative environment for residential mortgage lending.
During the first six months of 2006 the Project’s Legal Committee has
Standard Zakladnaya (e.g. mortgage certificate)
Zakladnaya Legislation
Mortgage-backed securities (MBS) legislative amendments
Escrow Accounts Legislation
Planned activities for the next six months
Committee Coordinator -
Rustam Turkmenov - Legal Advisor (
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