This is a noteworthy content specified in Circular 27/2015/TT-NHNN guiding the implementation of loans for production forest planting, livestock development as prescribed in Decree 75/2015/ND-CP.
According to Circular 27/2015/TT-NHNN, the documentation and procedures for borrowing capital for production forest planting and livestock development are regulated as follows:
- Based on the provisions of Circular 27 and relevant legal regulations, banks shall establish specific regulations on the documentation and procedures for borrowing capital for households, ensuring that the procedures are simple, clear, and easy to implement.- In the case of a loan rejection, within 10 working days from the receipt of a complete set of loan application documents as per the regulations of each bank, the bank must notify the borrowing household in writing, clearly stating the reason for the loan rejection.
See the full text of the regulation at Circular 27/2015/TT-NHNN which comes into effect from December 22, 2015.
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