YEREVAN, October 15. /ARKA/. Legislative amendments in Armenia will now allow for the electronic execution without the need for notarization of standard, mixed-type real estate collateral agreements involving banks or credit organizations. This was announced by Suren Tovmasyan, Head of the Cadastre Committee of the Republic of Armenia, on Facebook.
According to him, the relevant provisions—part of a bill to amend and supplement the Civil Code of the Republic of Armenia were discussed during a meeting of the Public Council under the Head of the Cadastre Committee, held the previous day.
Participants also addressed the improvement of educational and methodological resources in the field of real estate valuation, as well as the integration of digitalization initiatives into the sector’s development program.
Council members offered comments and proposals regarding the topics under discussion, including suggestions for refining industry processes and legislative regulation.
