Many car owners have already come across a scheme when, it would seem, a “clean” car suddenly finds itself in collateral with a bank. In the absence of registration of collateral, the only document that proves the bank’s right to a car is the TCP remaining in the bank. The vehicle itself is the property of the buyer and is registered in his name. But the scammers claim in the traffic police about the loss of TCP, get a duplicate and sell the car without paying a loan. It is not easy for a bona fide purchaser to get out of this situation - only the borrower himself or his lender can get information about the mortgaged car.
Meanwhile, in 2005, at the initiative of the Association of Regional Banks, the National Bureau of Credit Histories (NBCH) was created. Then in Russia there was a credit boom: in the loan you could buy almost everything - from household appliances to cars and mansions. Often, money was issued without a proper assessment of collateral and the solvency of customers, the share of defaults increased. In order to reduce risks for banks and create an information base for borrowers, they organized NBCHs. Today, the database contains more than 41 million stories of legal entities and individuals and is constantly updated. It's time to use it. The president of the Association of Regional Banks, Anatoly Aksakov, has already submitted to the State Duma a bill on the registration of vehicles pledges and suggested that the traffic police do this. But, apparently, this document was absorbed by the bill “On the registration of notifications of collateral or other encumbrance of movable property”, which obliges the borrower to notify the authorized credit history bureau that a certain movable property was transferred on bail or encumbered otherwise (addressed to him collection or seizure). The right law, logical. But still not accepted.
Nevertheless, the NBCH, already now possessing information about 200 thousand cars sold on credit (this is about a third of the total number of credit cars), is ready to disclose this information. You can get a “credit history” for a future purchase by contacting either the bureau itself or its agents. According to the general director of the bureau, Alexander Vikulin, it is subsequently planned to provide information at all through the bureau’s website using the vehicle’s VIN number.
THE LAW OBLIGES TO NOTIFY THE BUREAU OF CREDIT STORIES ABOUT THAT THE PROPERTY IS TRANSFERRED UNDER THE SECURITY
And here is the opinion of Oleg Lagutkin, CEO of another major credit history bureau (BCI), Equifax Credit Services:
- There is a possibility that the law will not be adopted at all. Consumers are interested in key information - whether the car is pledged or not. These data are not personal, therefore, to provide them, a special law, as it were, is not needed. Another thing is if someone asks for information about which bank the car loan was taken from, when and by whom, then regulatory changes are required. It would be more correct to make a unified state base of movable liens, and to give commercial BKI the right to sell access to this base.
We asked Svetlana Bogdanova, head of the lending department of Smolensk Bank, to comment on the initiative:
- In any case, banks will only be for the adoption of such a law, since this information will have to be provided to banks too. The pledge is collateral for the loan, and the removal of risks from loans is the main task of banks. As for individuals, obtaining information on the purchased car is a long overdue necessity. Now many cars are purchased on credit. And information about whether they are pledged to banks will protect people from unscrupulous sellers. On the other hand, a prerequisite for providing such information should be its constant updating by the National Bureau of Credit Histories in order to avoid false information on cars for sale.