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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Cabinet makes recommendations to the Ministry of Justice ruling on loans

    Rocky
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    • Post n°1

    Cabinet makes recommendations to the Ministry of Justice ruling on loans Empty Cabinet makes recommendations to the Ministry of Justice ruling on loans

    Post by Rocky Tue 26 Jul 2016, 3:10 am

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    Cabinet makes recommendations to the Ministry of Justice ruling on loans


     Baghdad / term 

    Ministry of Justice announced, on Monday, theapproval of the crisis cell of the Cabinet to lend to industrial, agricultural and residential projects, as pointed out to take over the Ministry of Finance to "take precautionary measures to ensure that no manipulation," confirmed the identification of ownership transfer fee in theestimation of real estate. 
    According to media ministry in a statement received "long", a copy of it, that " the Prime Minister 's Office, issued based on the recommendations provided by the Ministry of Justice instructions (lending to industrial, agricultural and residential projects), and included lending conditions and the adoption of therecommendations of the assurances given by the Iraqi banks own deliberative meeting." 
    the statement added that the "cabinet face a letter to the Ministry of Finance, to ensure the decisions of thecrisis cell in its meeting held on (6/27/2016) , " noting that the courses included " the adoption of the action plan and to require specialized banks and the adoption of the plan prepared by the Higher Committee for loans CBI" . The 
    statement pointed to "adopt the recommendations of the assurances given by the Iraqi banks to the private deliberative meeting , " pointing to "take over the Ministry of Finance , represented by banks and its subsidiaries and the Department of real Estate Registration to take precautionary measures to ensure non -occurrence of any of the types of manipulation." 
    and called on the Ministry of Justice , according to the statement to "adopt controls applicable in thedepartments of real estate registration for the purpose of determining the ownership transfer fees in theestimation of real estate, mortgage subject with the addition of 30% on the value of the land only, with respect to commercial real estate and (10%) with respect to residential property that does not exceed theestimated value of any property for prices prevailing market estimate time , "pointing to" the adoption of such mechanisms as collateral in connection with mortgage loans granted by all banks, and does not do any directives in conflict with these recommendations. " 
    the statement continued, that" for the bank on request additional collateral in the event of the need for it, according to the system internal each bank and the validity of the board of Directors , "adding that" theresolution contains many points that will help facilitate the procedures in this regard, and checking on lending to keep the public finance mechanisms and to the largest number of entrepreneurs benefit from the funds allocated for this purpose. "
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