According to the new regulations on organization and operation of provincial development investment funds. Please ask, what are basic contents of lending regulations of provincial development investment funds in Vietnam?
Pursuant to Clause 4, Article 4 of Circular 86/2021/TT-BTC, lending regulations of provincial development investment funds include the following basic contents:
4. Lending regulations include the following contents:
a) Lending fields, entities and conditions sorted by lending forms, including: direct lending, entrusted lending and syndicated lending;
b) Term, interest rate and restrictions on each lending form as prescribed in Decree No. 147/2020/ND-CP and management demands of the Fund’s Executive Board, rights and responsibilities of the parties;
c) Appraisal procedures, authority to make lending decisions and loan guarantee;
d) Forms of loan guarantee, and mechanism for collateral management;
dd) Samples of contracts for direct lending, entrusted lending and syndicated lending;
e) Procedures for disbursement, management of loans, debt classification and establishment of provision for credit losses;
g) Procedures and authority to settle debts;
h) Procedures and authority to make collateral disposition.
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