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modernisation, consolidation or expansion of a building, or for site preparation purposes - in case
of a plot of land; this category also includes loans extended exclusively to repay a loan granted for
real estate investments;
b) consumer loans: loans, other than those provided under letter a).
Article 3
(1) Loans that are extended for medical purposes, in case of death, or the student loans may be
exempted from the provisions of this regulation.
(2) Lenders shall establish based on their own lending standards the rules governing the way in
which loans are extended and secured, as provided under paragraph (1).
(3) This Regulation shall not apply to the amounts secured, for the entire duration of the loan, by
means of collateral deposits established with the lending institution, not even for loans granted for
the sole purpose of restructuring the same lender, due to financial difficulties experienced by the
borrower, to the loan/loans that exist as a balance at the time of the restructuring operation, in order
to adapt the new repayment conditions to the borrower’s possibilities.
CHAPTER II - PROVISIONS GOVERNING THE FINANCING EXTENDED TO
INDIVIDUALS
Article 4
Loans shall be extended to individuals, secured and performed based on a contract, in accordance
with the internal regulations of the lenders, as approved by the competent authorities.
Article 5
(1) Lenders extend loans to individuals based on their own regulations, which are validated by the
National Bank of Romania - Supervision Department.
(2) Any subsequent amendment of their own regulations must be notified to the National Bank of
Romania and becomes effective only after the Supervision Department has validated them.
Article 6
(1) Lenders shall establish, through their internal regulations, in accordance with their risk profile
and risk strategy, at least the following:
a) the way in which the lending activity is organised and conducted, more specifically the loans
extended to individuals and, when appropriate, the securing requirements for each type of loan,
including the maximum limit allowed for the financing value, in relation to the value of the collateral;
b) the categories of customers eligible for financing;
c) the classification procedure of the target customers, according to the categories of payment
default risk, based on the overall risk profile of the lender;
d) the categories of income deemed eligible by the lender, differentiated according to categories of
customers, as well as the related adjustment coefficients, depending on the degree of certainty and
their permanence character;
e) the categories of expenses that are deducted from the eligible income in order to determine the
total level of indebtedness, including at least the subsistence expenses and the payment obligations,
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