Encyclopedia
Notary deposit
Notary deposit - funds paid by a participant in shared construction towards the price of the contract; the developer must credit these funds to the notary's deposit account located at the developer's place of business no later than the day following the working day after the expiration of the specified period1.
Federal Law No. 214-FZ of December 30, 2004 "On Participation in the Shared Construction of Multi-Apartment Buildings and Other Real Estate Objects and on Amending Certain Legislative Acts of the Russian Federation", as amended on June 27, 2019, Article 9, paragraph 5 // RSZ RF. 2005. No. 1. Art. 40. ↩