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News of the Federal Legislation

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News of the Federal Legislation


The amendments of the Federal Act "On Hypothecary Mortgage (Mortgage of real estate property)" are putted into effect
2009-01-26 06:00

NEWS OF THE FEDERAL LEGISLATION

The amendments of the Federal Act "On Hypothecary Mortgage (Mortgage of real estate property)" are putted into effect

Since January 26, 2008, there are putted into effect the amendments of t he Federal Act N 264-FZ of December 22, 2008 (document is in Russian) made to the Federal Act N 102-FZ "On Hypothecary Mortgage (Mortgage of real estate property)" of July 16, 1998 (document is in Russian) and certain legislative acts of the Russian Federation.

The amendments concern to the order of transfer of the right on mortgage, in particular there are determined the rights and duties of legal owners of mortgage the rights on which are taken into account in a depositary, as well as the rights and duties of a debtor and a depositary on such mortgage. So the amendments regulate the procedures on state registration of hypothec and drawing up of mortgage.

The Act decreasing the sizes of state duty is putted into effect
2009-01-26 06:00

NEWS OF THE FEDERAL LEGISLATION

The Act decreasing the sizes of state duty is putted into effect

Since January 26, 2009, the Federal Act N 263-FZ "On amendments to articles 333_33 and 333_35 of the part two of the RF Tax Code" of December 22, 2008 (document is in Russian) is putted into effect, which provides decrease the state duty sizes:

- to 100 rubles of the state duty size collecting from natural persons and institutions for the state registration of right, encumbrances of the right on land plots from lands of agriculture purpose, deals on which base the rights on them shall be encumbered;

- 50 rubles of the state duty size collecting from natural persons and institutions for the state registration of share in the general ownership right on land plots from lands of agriculture purpose;

  Besides natural persons and institutions are exempted from payment of the state duty for state registration of encumbrances of the right on land plots used for North deer breeding.


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