Joint Regulation No. 1345 of the Ministry of Justice and No. 564 of the Central Bank on extending credit to farms secured by land lease rights.
This Joint Regulation regulates commercial bank loans to farming enterprises secured by land lease rights. Credit shall be extended on condition of its recovery, security and intended use. Commercial banks shall extend credit on a contractual basis and shall have as collateral the rights to land leases. As such, the lease in question must have a term that extends at least five years beyond the loan repayment date.