In Karakol, located in the Issyk-Kul region, GKNB employees conducted a large-scale inspection of pawnshops. This action was initiated at the direction of the head of the state committee, Kamchybek Tashiev, as reported by the press service of the agency.
Seizure of personal documents
During the investigative and operational activities, it was established that some pawnshop organizations did not comply with the requirements of the Law "On Pawnshop Activities." In particular, they accepted personal documents as collateral, such as:
- national passports;
- birth certificates;
- state acts of private ownership of land and property.
As a result of the inspection, 16 pawnshops were sealed, and control measures continue regarding the remaining locations.
Measures against usury
To protect the rights of borrowers, GKNB employees conducted explanatory work with pawnshop owners. The main requirement is strict compliance with the Law "On the Limitation of Usurious Activities," which sets the maximum interest rate at 30 percent per annum.
Citizens are strongly advised to carefully review documents when taking out loans. In the event of forced seizure of pledged property or fraud by pawnshop employees, residents can contact the GKNB office in the Issyk-Kul region at phone number 0392251180.
In conclusion, the cabinet of ministers adopted a resolution "On Issues of Pawnshop Activities," which introduces significant changes to the regulation of this sector. This document aims to increase the transparency of pawnshop operations, tighten capital requirements, and protect citizens from illegal transactions. In particular, the project provides for a sharp increase in the minimum charter capital of pawnshops and other measures to enhance control in this area.
