The Law of the Republic of Uzbekistan “On the amendment to
Article 15 of the Law of the Republic of Uzbekistan “On
Consumer Credit” in connection with the improvement of the
system for providing financial consumer credit” No.
ЗРУ-828 dated April 10, 2023 (the “Law No.
ЗРУ-828”) introduced changes to the
features of using financial consumer credit. The aim of the Law No.
ЗРУ-828 is to improve and simplify the procedure
for providing financial consumer credit, as well as to enhance the
conditions for obtaining education, work, and daily life of the
population in the country.
According to the Law No. ЗРУ-828, from now on
financial consumer credits are provided for goods (services) sold
by both legal entities and individuals, regardless of the place of
production of the goods (services). Previously, financial consumer
credits were provided only for goods (services) produced by legal
entities in the Republic of Uzbekistan.
