Collection activities regulation, “baby package”: Volodymyr Zelenskyy signed 2 laws
President of Ukraine Volodymyr Zelenskyy signed the law “On Amending Certain Legislative Acts of Ukraine to Protect Debtors in Settlement of Overdue Debts.”
The document is intended to protect debtors from the actions of unscrupulous collectors.
The law introduces rules of conduct for both creditors and collectors when settling troubled debts.
The document establishes requirements for lenders and collection companies, in particular: to comply with ethical behavior with the debtor; to inform him in case of attraction of a collection company or assignment of the right of claim to a new creditor; conclude contracts only with companies included in the register of collection companies, which is maintained by the NBU; control the actions of the involved collection companies.
The document also establishes the requirements for interaction with the consumer (or his representative) in the settlement of overdue debt.
The NBU is empowered to monitor compliance by banks, other financial institutions and companies with legislation on the protection of the rights of consumers of financial services.
The head of the state signed the law “On Amendments to the Law of Ukraine” On State Assistance to Families with Children “regarding the provision of assistance in connection with pregnancy and childbirth and the effective use of budgetary funds when financing one-time in-kind assistance” baby package”.
The law establishes the authority for the appointment and payment of state benefits for the social protection authorities at the place of residence of the parents of the newborn. At the same time, the “baby package” is not included in the amount of assistance at the birth of a child ($ 1470).
The law fixes the “baby package” at the level of 3 subsistence minimum for children under 6 years old, established by law on the date of the announcement of competitive procurement procedures. The final price is determined as a result of a procurement auction.
The law comes into force the next day after publication.
Volodymyr Zelenskyy signed a law on the creation of the Bureau of Economic Security.