The Central Bank of Russia said the State Duma has adopted a law, developed jointly with the central bank, that will require borrowers to be notified of new consumer loan and microloan agreements through their personal accounts on the Public Services portal. The measure is designed to give borrowers immediate visibility of new debt obligations and allow them to withdraw during the cooling-off period if a loan or microloan was taken out fraudulently or on impulse. From 1 October 2027, banks and microfinance organisations will have to promptly send information on consumer loans, including credit cards, and microloans to credit history bureaus. Those bureaus will then immediately transmit the data to borrowers through the portal. Notifications must include the individual terms, interest rate, principal amount or credit card limit, and repayment period. For agreements above RUB 50,000, the notice must also explain the option to refuse disbursement and specify the exact period during which the borrower must contact the bank or microfinance organisation to cancel the agreement. The portal notice creates a separate alert channel if messages or push notifications from the lender do not reach the borrower.
Central Bank of Russia2026-07-21
Central Bank of Russia says State Duma adopted law requiring Public Services portal alerts for new loans and microloans
The Central Bank of Russia said the State Duma adopted a law requiring borrowers to receive Public Services portal alerts on new consumer loans and microloans. From 1 October 2027, banks and microfinance organisations must send loan data promptly to credit history bureaus for immediate transmission to borrowers. Notices for loans above RUB 50,000 must also explain how and when disbursement can be refused.