This law was approved by the Jogorku Kenesh on September 25, 2025.
The main goal of the new law is to adapt existing laws to the requirements of the Law of the Kyrgyz Republic "On Consumer Credit," as well as to create an effective mechanism for legal control and implementation.
Key aspects:
- Provisions of the Civil Code regarding loans, credits, and the sale of goods on credit will now apply to consumer credits, taking into account the specifics established for this area by legislation.
- The maximum allowable interest rate is defined as the weighted average nominal rate set by the National Bank on a semi-annual basis, plus 12 percentage points.
- The National Bank is granted the right to impose measures against credit organizations that violate consumer rights and established legislative restrictions.
- For violations in the area of consumer lending, a fine of 650 calculated indicators is provided for in accordance with the Code of Offenses of the Kyrgyz Republic.
