Decision No. 59/2006/QD-NHNN Issuing the Regulation on the Purchase and Sale of Debts by Credit Institutions

Pursuant to …;

Issuing the Regulation on the Purchase and Sale of Debts by Credit Institutions

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GOVERNOR OF THE STATE BANK OF VIETNAM

Pursuant to the Civil Code 2005;

Based on the Law on the State Bank of Vietnam 1997; the Law Amending and Supplementing Certain Articles of the Law on the State Bank of Vietnam 2003;

Based on the Law on Credit Institutions 1997; the Law Amending and Supplementing the Law on Credit Institutions 2004;

Pursuant to Decree No. 52/2003/ND-CP dated May 19, 2003, issued by the Government, detailing the functions, tasks, powers, and organizational structure of the State Bank of Vietnam;

At the proposal of the Director of the Credit Department,

DECISION:

Article 1. The attached to this Decision is the Regulation on the Purchase and Sale of Debts by Credit Institutions.

Article 2. This Decision takes effect 15 days from the date of publication in the Official Gazette. This Decision replaces Decision No. 140/1999/QĐ-NHNN14 dated April 19, 1999 of the Governor of the State Bank of Vietnam issuing the Regulation on the Purchase and Sale of Debts by Credit Institutions.

Article 3. The Heads of the Office, Directors of the Credit Department, Heads of relevant units under the State Bank of Vietnam, Governors of the State Bank of Vietnam branches in provinces and centrally governed cities, Chairmen of the Management Boards, General Managers (Directors) of credit institutions are responsible for implementing this Decision./.