Assertion from the Banks Affiliation of Turkey on unhealthy checks and protested promissory notes and mortgage debtors

The Banks Affiliation of Turkey (TBB) has printed an info be aware relating to the non permanent article added to the regulation relating to the ignoring of information associated to unhealthy checks and protested promissory notes and credit score and bank card money owed.

In response to the be aware, the regulation covers all credit score money owed of actual and authorized individuals, together with unhealthy cheques, protested promissory notes, particular person and industrial bank cards. Money owed have to be due earlier than 1 October and should not be partially or absolutely paid as of this date.

If the money owed in query are absolutely paid or restructured by 1 July 2023, the information within the Threat Heart is not going to be taken into consideration by banks and monetary establishments.

Alternatively, money owed due after 1 October is not going to be coated by the regulation.

Debt fee or restructuring requests could be made by making use of to the financial institution and/or monetary establishment the place the debt is held. Acceptance of the request will rely on the industrial determination of the financial institution or monetary establishment.

RELATED PROVISIONAL ARTICLE

The non permanent article added to the Legislation No. 5834 on Ignoring the Data of Dangerous Checks and Protested Payments and Credit score and Credit score Card Money owed, which was printed in at present’s subject of the Official Gazette, is as follows:

“The bogus examine of actual and authorized individuals, actual individuals engaged in industrial and non-commercial actions, and credit score prospects who’ve defaulted on the principal, curiosity and/or ancillary funds of their money and non-cash loans, whose principal and/or installment fee date is earlier than 1 October, Data of protested promissory notes, bank cards and different mortgage money owed stored on the TBB Threat Heart should not taken into consideration by credit score establishments and monetary establishments in monetary transactions with these people, in case the delayed portion of the money owed is absolutely paid or restructured by 1 July 2023. “