Regulatory Alerts2020-03-21
Circular 115: Moratorium on Loans and Other
The Bank of Haiti issued Circular 115 on March 19, 2020, mandating a three-month moratorium on loan repayments for all debtors from April 1 to June 30, 2020. Financial institutions are required to suspend late fees, credit reporting to the Credit Information Bureau, and mortgage collateral realization during this period. Additionally, banks may restructure loans and are authorized to apply specific provisioning rates of 0% or 5% depending on the loan's health status as of March 31, 2020, or September 30, 2019, respectively.
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