Regulatory Alerts2012-03-22
Loan Management Procedures
The Supervisor of Banks requires banking corporations to accept direct loan repayments via customer current accounts and obtain written acknowledgment when such transactions incur interest rates exceeding the loan agreement's arrears rate. Current account reimbursements to loan accounts are restricted to a 90-day period excluding error corrections, while CPI-indexed loan executions must occur upon borrower request and factor CPI publication timing into initial indexation differential calculations. Banks must align uniform repayment dates for indexed loans with actual CPI release schedules to ensure accurate interest computation during the first repayment cycle.
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