Descarca catalogul - ALB

elevant competent authorities, within not more than 90 days since the regulation is published in
Part I of the Official Gazette of Romania, for validation purposes, according to the provisions of
Article 5.
(2) Lenders that do not have their own regulations validated by the National Bank of Romania
according to the Regulations of the National Bank of Romania No. 3/2007, as subsequently
amended and supplemented, shall take the necessary measures to fulfil the obligations incumbent
upon them in accordance with this Regulation and shall send to the Supervision Department of
the National Bank of Romania, no later than 90 days after the publication of this Regulation in the
Official Gazette of Romania, Part I, the lending rules, amended accordingly and approved by the
competent authorities, for validation or, as appropriate, in order to observe the provisions of Article
19.
(3) Before the conditions stipulated in Article 5 or, if applicable, the requirements applicable under
paragraph (2) are complied with, the lenders shall use their own regulations, applicable on the
effective date of this Regulation.
(4) For the purposes of the enforcement of the provisions of paragraph (3), the branches of the credit
institutions that are foreign legal entities shall starting using the maximum levels of indebtedness
referred to in Article 19 within not more than 30 days since the time when this Regulation becomes
enforceable.
Article 19
(1) Until the condition set out in Article 5, paragraph (1) is satisfied, the lenders that, on the effective
date of this Regulation, provide loans to individuals based on internal lending rules which have
not been validated by the National Bank of Romania, the maximum level of indebtedness shall be
limited to 35%.
(2) In the situation provided in paragraph (1), the highest level of indebtedness related to consumer
credit denominated in the respective currency or indexed against a currency, other than the one in
which the borrower’s eligible income is denominated, may not exceed 10%.
Article 20
The provisions of Articles 11, 12, and 13 are not applicable to loans granted exclusively for the
purposes of repaying debts related to loans obtained prior to the entry into force of this Regulation.
Article 21
The central offices shall supervise the compliance, by the affiliated credit cooperatives, of the
requirements of this Regulation.
Article 22
As of the date when this Regulation takes effect, the Regulation of the National Bank of Romania
No. 3/2007 on limiting credit risk for loans to individuals, published in Part I of Official Gazette
of Romania No. 177 of 14 March 2007, as subsequently amended and supplemented, shall be
repealed.
89
60184_file_interior_lucian_v9.indd 89
11/5/2012 9:22:03 AM