Authorized bank in the field of housing construction
The authorized bank in the field of housing construction is a joint-stock company that is a credit organization, all of whose shares are owned by a single development institution in the housing sector. The sale and other forms of transfer of these shares, their pledge, or any other disposal of these shares are carried out on the basis of the federal law1.
Federal Law No. 225-FZ dated July 13, 2015 "On Facilitating the Development and Enhancing the Efficiency of Management in the Housing Sector and on Amending Certain Legislative Acts of the Russian Federation". 2015, as amended on June 27, 2019, Article 2.1, paragraph 1. ↩