Tashkent, Uzbekistan (UzDaily.com) -- State Unitary Enterprise Pledge Register under the Central Bank of the Republic of Uzbekistan introduced changes to the information exchange between the system in order to implement the presidential decree between State Unitary Enterprise "Pledge Register" and information systems "Notary" of the Ministry of Justice of the Republic of Uzbekistan.

Based on these changes, today it has become voluntary for commercial banks and other credit organizations to enter information on the vehicle registration number and information about the certificate, registration of the vehicle as collateral for car loans purchased in the primary markets.

An online ban has also been created for all commercial banks and other credit organizations in the Notary information system by the body (VIN) number of the vehicle. As a result, cases of sale by debtors of purchased vehicles at the expense of a loan without presenting them as collateral to a credit institution were suppressed.

At the same time, it became possible to establish an online ban on real estate purchased in the primary market as collateral for a real estate loan on the basis of a mortgage agreement drawn up by commercial banks and other credit organizations in the Notary information system and the information system of the Cadastre Agency. As a result, online registration of mortgage agreements by credit institutions was introduced instead of registration by the debtor in paper form with the cadastral authorities.