The State Duma approved in first reading the Ministry of Finance's bills to protect citizens from illegal lenders State Duma deputies supported a package of initiatives that made responsibility for the illegal issuance of loans more stringent and introduced mandatory notarial approval for mortgages between individuals. The changes propose, in particular, to strengthen the responsibility for illegal loans. If the amount of illegally issued loans exceeds 3.5 million rubles, the opening of a criminal case does not require that the offender be brought to administrative responsibility. In other cases, when the violation does not constitute a criminal offense, administrative measures will be applied. In addition, the bills introduce mandatory notarization for residential mortgage agreements between individuals. The notary will be able to check whether the parties understand the terms of the transaction and its consequences, as well as verify that the decision was made voluntarily. This will reduce the risk of situations where citizens mortgage their housing without fully understanding the consequences. The bill was developed as part of the implementation of the action plan to "plaster" certain sectors of the economy. "The bills are intended to improve the regulation of the consumer loan market and create additional mechanisms to protect borrowers. The proposed changes will make it possible to more effectively suppress the issuance of illegal loans and ensure preventive control over the legality of residential mortgage transactions," noted Deputy Minister of Finance of the Russian Federation Ivan Chevskov. Financial guard daughter. C | at MAX.