The State Duma adopted a law on self-ban on issuing loans – Kommersant

The State Duma adopted in the second and third readings law on a self-prohibition on the issuance of consumer credits and loans. According to the document, self-ban can be issued from March 1, 2025, self-ban through the MFC will work from September 1, 2025.

The document assumes that citizens will be able to establish a ban on the issuance of loans by banks and loans by microfinance organizations (MFOs). Loans secured by a vehicle and mortgage, as well as education loan agreements provided as part of state support, are not subject to self-prohibition.

You can submit an application to establish or lift a ban any number of times. The application is submitted to the credit history bureau through the MFC or the State Services portal. To receive the service, you must have a Taxpayer Identification Number (TIN).

Data about the ban established or lifted will be entered into the credit history during the day if the credit bureau received applications from an individual before 22:00 Moscow time, otherwise – the next day. The ban will take effect the next day after entering the data into the credit history; the ban will be lifted on the second day after entering the data.

A bill on a self-ban on issuing loans was submitted to the State Duma in April 2023 by a group of deputies led by Anatoly Aksakov (“A Just Russia – for Truth”). The explanatory note to the project states that the goal of the project is to prevent cases of fraud to obtain loans by third parties using other people’s personal data.

Read more in the Kommersant article. “Banks are not ready for self-restraint of borrowers”.