Regulatory Alerts2020-04-30 | Resolução CMN 4810CMN Resolution No. 4810 - Establishes Emergency Measures for Rural Credit Procedures Due to Social Distancing Measures to Mitigate Pandemic Impacts
The Central Bank of Brazil, via the National Monetary Council, issued Resolution No. 4810 to establish emergency measures for rural credit operations between March 1 and June 30, 2020, in response to social distancing requirements during the COVID-19 pandemic. The resolution waives specific documentation requirements, such as land lease registration and animal transit guides, and extends deadlines for submitting proof of fund application and vehicle acquisition documents until July 31, 2020. Additionally, it permits simplified loan renewals for agricultural and livestock operations and allows financial institutions to suspend on-site inspections when remote verification is not feasible.
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