Since the advent of state support for families with two or more children, the principles of its provision have undergone a number of changes. Therefore, many parents ask themselves: if they received maternity capital, when can I use this certificate and what can I use it for? Families with two or more children can count on such state support; the date of birth of the second and subsequent should not be earlier than 2007.
What does a family certificate apply to?
If previously the funds of maternity capital (hereinafter QMS) could be directed only to improving living conditions, paying for the education of children and the formation of the funded part of mother’s pension payments, now it is possible to repay the loan, mortgage, make a down payment on the loan / mortgage, and direct funds for rehabilitation work necessary for children with disabilities.
A positive aspect is the presence of such facts as the possibility of a delay in the payment of state support funds and the possibility of partial use of the amount provided. Therefore, the timing for those who received maternity capital, when you can use it, are different. And depend on the purpose of its use.
Thus, the funds allocated by the state, at the request of the parents, can be stored in the account until a certain age of the children, for example, until admission to college, or can be received to meet housing or other legally stipulated needs after the child reaches the age of three.
When is the possibility of using QMS?
It is logical that those families that have received the right to such state support are interested in how long it is possible to use maternity capital. After the child reaches the age of three, the parents have the right to dispose of the QMS. The following is a list of directions in which payment can be made.
- Payment for educational services. Legislatively provides for the possibility of using the funds allocated by the state to pay for staying in a preschool institution, for studying in secondary vocational institutions (colleges) and higher education (institutes, universities, academies). Also, state support funds can be used to pay the cost of living for the child during the period of study at the hostel.
- A part of the mother's pension savings can also be formed at the expense of the certificate. At the same time, when choosing this option, it is possible even after a while to change the decision and direct funds to other goals.
- Change in housing conditions. The funds under the certificate of maternity capital can be used to improve the house or apartment in which the family lives. It is worth considering the main condition that relates to the location of real estate: an apartment or a house should not be located outside our country.
- In 2016, a new item appeared on the list of goals - compensation for the payment of goods and services that are necessary for the rehabilitation of children with disabilities.
It is important to remember that the use of funds can be aimed at solving several problems at once: for example, to repay the cost of a loan that was issued to improve the living conditions of the family, to form the funded part of the pension, to pay for training.
Money is always transferred to the account of the organization that is responsible for the provision of the above services to the QMS account. Also, many are interested in the question: is it possible to use maternity capital to cash funds? No, it’s impossible to receive cash in cash. All such operations are prohibited by law.
Maternity capital: when can I use it ahead of schedule?
In some cases, the possibility of early use of the QMS is provided. You can use maternity capital up to 3 years for the following purposes:
- the acquisition and construction of housing at the expense of a loan issued by a banking organization or legal entity;
- repayment of the principal debt and accrued interest on an existing loan, which was taken in order to establish the living conditions of the family (for the purchase of a house / apartment, reconstruction of housing).
Regardless of how much you can use the maternity capital, it is important to understand that it is possible to pay only the main loan accruals (the main debt and accrued interest). Penalties for late payments, penalties, and forfeit for payment by family certificate are not subject to.
What documents are required for early use of the certificate?
With questions about where you can send maternity capital, when you can use it ahead of schedule, figured out, but how to arrange it in accordance with the law? Early transfer of family certificate funds for the above purposes is carried out at the request of its holder upon presentation of a list of necessary documents:
- certificate confirming the purchase of housing or its construction;
- several copies of the agreement between the borrower and the credit institution;
- several copies of the contract between the borrower and the organization in which the mortgage is registered;
- extract from a credit institution about the remaining debt on the loan / mortgage (the amount of the principal debt and the amount of interest calculated on the loan);
- document confirming the ownership of the acquired / constructed / reconstructed object;
- copies of the identity document of both parents;
- copies and originals of birth certificates of all children;
- copies and original certificate of state support.
How is the use process going?
After drawing up a special application form and submitting documents to the pension fund, it is necessary to wait for a decision (it can be either positive or negative). The term for consideration of such an application is 30 days. In case of approval, it is necessary to contact a bank or other organization in which a loan has already been issued or in which it is planned to obtain a loan or mortgage, to discuss additional issues on transferring funds. The QMS will be sent to pay the loan obligations electronically.
Conclusion
As a conclusion, answering the question of how long it is possible to use maternity capital, it can be noted that this form of state support can be received after the child reaches the age of three years (in other cases, it is possible to receive QMS ahead of schedule) partially or in full volume at the request of the certificate holder.