Regulatory Alerts2020-04-09 | Circular 4000Circular No. 4000 — Amends Circular No. 3,614 of November 14, 2012, Regarding Conditions for Issuing Real Estate Credit Letters
The Collegiate Board of the Central Bank of Brazil issued Circular No. 4000 to amend Circular No. 3,614 of November 14, 2012. The amendment expands the list of eligible entities, including commercial banks, investment banks, and credit cooperatives, to issue Real Estate Credit Letters (LCI). This regulation entered into force on the date of its publication.
The Collegiate Board of the Central Bank of Brazil, in a session held on April 8, 2020, based on Articles 10, item VI, of Law No. 4,595 of December 31, 1964, and Article 12 of Law No. 10,931 of August 2, 2004,
RESOLVES:
Art. 1º Circular No. 3,614 of November 14, 2012, shall be amended as follows:
“Art. 8º Commercial banks, multiple banks with real estate credit portfolios, Caixa Econômica Federal, real estate credit societies, savings and loan associations, mortgage companies, investment banks, and credit cooperatives may issue LCI.” (NR)
Art. 2º This Circular enters into force on the date of its publication.
Otávio Ribeiro Damaso Director of Regulation