Maternal capital. When can I use maternity capital?

Since the emergence 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 this certificate be used and what can be sent to it? For such state support, families with two or more children can count, the date of birth of the second and subsequent should not be earlier than 2007.

What is covered by the family certificate?

If earlier the means of maternity capital (hereinafter QMS) could be directed only at improving the living conditions, paying for the education of children and forming a funded part of the maternity pension payments, now it is possible to repay the loan, mortgage, make the first installment of the loan / mortgage, Rehabilitation work required for children with disabilities.

A positive aspect is also the presence of such facts as the possibility of delaying the payment of state support funds and the possibility of a partial use of the amount provided. Therefore, the terms for those who received maternity capital, when it is possible to use it, are different. And depend on the purpose of its use.

Thus, the money allocated by the state, at the request of the parents, can be kept in the account up to a certain age of children, for example, before entering the institute, or can be received for satisfying housing or other legislatively provided needs after the child reaches the age of three.

When does it become possible to use QMS?

It is logical that those families who received the right to such state support are interested in how much time it is possible to use the parent capital. After the child reaches the age of three, the parents have the right to dispose of the QMS. Below is a list of areas for which a payment can be made.

1. Payment of educational services. Legislation provides for the use of funds allocated by the state to pay for stay in a pre-school institution, for training in institutions of secondary vocational (colleges) and higher education (institutes, universities, academies). Also, state support funds can be used to pay the cost of living a child for the period of study at the hostel.
2. A part of the mother's retirement savings can also be formed at the expense of the certificate. In this case, when choosing this option, it is possible even after a time to change the decision and send funds to other purposes.
3. Change in living conditions. Cash on a maternity capital certificate can be used to improve the home or apartment in which the family resides. It is necessary to take into account the main condition that relates to the location of real estate: an apartment or a house should not be outside our country.
4. In 2016, a new item appeared in the list of purposes - compensation for payment of goods and services that are necessary for the rehabilitation of disabled children.

It is important to remember that the use of funds can be used to solve several problems: for example, to repay the cost of a loan that was designed to improve the living conditions of the family, to form a funded part of the pension, to pay for training.

The transfer of funds is always made to the account of the organization that is responsible for providing the above services to the QMS account. Also, many are interested in the question: is it possible to take advantage of the parent's capital for the cashing of funds? No, it is impossible to receive such cash in cash. All such operations are prohibited by law.

Maternity capital: when can I use early?

In some cases, the possibility of early use of QMS is provided. You can use your mother's capital for up to 3 years for the following purposes:

• Acquisition and construction of a dwelling at the expense of a loan issued by a banking organization or a legal entity;
• Payment of principal and accrued interest on the existing loan, which was taken with the aim of establishing the conditions for the family's living (for the purchase of a house / apartment, the reconstruction of housing).

Regardless of how much you can use your parent's capital, it is important to understand that only the principal accruals on the loan (principal and accrued interest) can be paid. Fines for late payments, penalties, penalties for payment by means of a family certificate are not liable.

What documents are required for the early use of the certificate?

With questions about where you can direct your maternity capital, when you can use it ahead of schedule, figured out how to arrange it in accordance with the law? Early distribution of family certificate funds for the above mentioned purposes is carried out at the request of its holder when presenting the list of required documents:

• A 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 agreement between the borrower and the organization in which the mortgage is issued;
• An extract from the credit institution about the outstanding debt on the loan / mortgage (the amount of the principal debt and the amount of interest accrued on the loan);
• A document confirming ownership of the acquired / constructed / reconstructed facility;
• A copy of the identity document of both parents;
• Copies and originals of birth certificates of all children;
• Copy and original certificate for the provision of state support.

How is the usage process going?

After drawing up a statement on the special form and submitting documents to the pension fund, it is necessary to await the decision (it can be either positive or negative). The period for considering such an application is 30 days. In case of approval it is necessary to apply to a banking or other organization in which a loan has already been issued or in which it is planned to issue a loan or a mortgage to discuss additional issues related to the transfer of funds. The QMS will be sent for payment of obligations on the loan electronically.

Conclusion

As an answer, when asked about how much time it is possible to use maternity capital, it can be noted that the receipt of this form of state support can be made after the child reaches the age of three years (in other cases, the possibility of early receipt of the QMS) is provided in part or in full Volume upon the request of the certificate holder.