Regulatory Alerts2024-01-31 | NDMC-35Technical Standards for the Management of Guarantees for Debt Securities Issuances Constituted with Mortgage Loans
The Norms Committee of the Central Reserve Bank of El Salvador issued Technical Standards (CNBCR-01/2024) establishing mandatory requirements for debt issuers using mortgage loans as collateral. The regulations mandate a 125% loan-to-value coverage, strict internal controls, and detailed periodic reporting of loan portfolios and balances to the Financial System Superintendence. These standards replace previous regulations and define specific certification formats and audit procedures to ensure the integrity of the guarantee structure.
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