Recent Leasing Law is in effect
The Financial Leasing Law, dated 10.06.1985 and numbered 3226, and the By-Law Regarding Money Lending Activities, dated 30.09.1983 and numbered 90, with its appendices and amendments are abrogated by the Law on Financial Leasing, Factoring and Financing Companies, dated 21.11.2012 and numbered 6361 (the "Law No. 6361" or the "Law"). Subsequent to the House of Representatives approval the law was published in Official Gazette Nr. 28496 on January 13, 2013 and is in effect the day it is published.
The purpose of Law No. 6361 is to regulate the establishment and working principles of financial leasing, factoring and financing companies which operate as financial institutions and to regulate the procedures and principles regarding financial leasing, factoring and financing agreements.