Regulatory Alerts2015-04-22 | JB-2015-3368Resolution No. JB-2015-3368 of the Banking Board of Ecuador
The Banking Board of Ecuador rejected the administrative review appeal filed by Tito Rolando Tejada Proaño against the Mutualista de Ahorro y Crédito para la Vivienda “Ambato” regarding a disputed mortgage credit and property title. The Board confirmed that the Superintendence lacks the jurisdiction to resolve property ownership disputes or contractual controversies between spouses, which must be addressed by competent judicial authorities. Consequently, the previous administrative decision denying the claim for refund and damages was upheld due to the absence of proven procedural errors by the financial institution.
Share