29.09.2017/XNUMX/XNUMX. At a meeting of the Government of the Russian Federation, Minister of Agriculture of the Russian Federation Alexander Tkachev introduced the bill “On Amending the Federal Law“ On Mortgages (Real Estate Mortgages) ”, which simplifies lending secured by agricultural land.
In order to develop the institution of pledging agricultural land, the bill of the Ministry of Agriculture proposes to provide for the possibility of satisfying the requirements of the pledge holder out of court; to exclude the ban on foreclosure on a land plot before the expiration of the period of agricultural work (while retaining the right to harvest the mortgagor); to exclude the possibility of a court delaying the sale of the pledged land for up to 1 year.
The amendments will reduce the time for foreclosure on land, which will help credit institutions attribute agricultural land to the second category of quality liquid collateral, the rights to which can be exercised within no more than 270 calendar days from the date of occurrence of the grounds for collection.