Real estate to be checked for debts 

ArmInfo.  The information database of the Cadastre Committee of Armenia will be made available so that information can be obtained online when making real estate  transactions. The legislative package, which provides for amendments  and additions to the Law On State Registration of Property Rights and  related laws, was discussed in the first reading at the meeting of  the NA Standing Committee on State and Legal Affairs on September 3.

Presenting the draft law, the head of the Cadastre Committee Suren  Tovmasyan reminded that, according to the adopted legal norms, the  process of imposing a lien on real estate in the RA should be fully  digitalized.  This norm has been in force for almost a year, but  there was a gap in the section regarding the judiciary.

According to the draft law, decisions of the judicial authorities  regarding any property, real estate or claim must also be submitted  to the system implemented in the Cadastre Committee until the  judicial authorities also have their own digital systems.

"We will create the possibility of temporary maintenance of the  information bases of the Real Estate Cadastre Committee, and in each  case of providing citizens with information on the application, we  will be able to reflect the decisions received through all  information channels available at that time in unified reference  materials or other information registers," noted Suren Tovmasyan.

It is planned that the bill will ensure the full applicability of the  electronic system introduced by this decision, and will also allow  the entry of court decisions on the application or lifting of  restrictions on real estate in the State Register of Real Estate in  electronic form.

The initiative received a positive conclusion from the commission