Work

Credit Holidays: Legal Aspect

Year: 2024

Type: article

Abstract: The article discusses the history of the appearance of the credit holiday instrument in domestic legislation, its scaling and the key parameters of the new permanent credit holiday instrument under consumer credit (loan) agreements. Based on the research, the author came to the conclusion that the emergence of the credit holiday instrument had a beneficial effect on ensuring that borrowers were able to restore their solvency in a pre-default state and get through the crises of recent years with minimal or no losses in the field of consumer lending.

Source: Courier of Kutafin Moscow State Law University (MSAL)

DOI: 10.17803/2311-5998.2024.121.9.168-175

Author: G. P. Romanov

Institution: Central Bank of the Russian Federation

Language: English

Topic: Corporate Insolvency and Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: hybrid

OpenAlex ID: W4404425656

FWCI:

Cites:

Cited by:

Related to: 10