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Republic of Armenia: Law on Attracting Deposits
This law pertains to regulating bank deposits from households in Armenia
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9 pages
This law intends to establish unilateral procedures and conditions for attracting bank deposits from households and related consumer rights. This law consists of the following articles:
- Article 1: The Subject of Regulation of the Law
- Article 2: Main Concepts Used in the Law
- Article 3: Information Subject to Public Disclosure
- Article 4: Information Bulletins
- Article 5: Provision and Public Disclosure of Informational Bulletins
- Article 6: Account Statements
- Article 7: Calculation Percentage
- Article 8: Limitation on Use of Phrase "Fee Free"
- Article 9: Communication of Bank and Depositor
- Article 10: Protection of Depositor Rights through Court, Arbitrage and by Financial System Conciliator
- Article 11: Bank's Liability
- Article 12: Bank's Liability Towards Depositor
- Article 13: Control over Fulfillment of Provisions of this Law
- Article 14: Transitional Provisions
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