Regulatory Alerts2024-06-28 | NRP-71Technical Standards for Real Estate Lease Contracts by Cooperative Banks and Federations
The Central Bank of El Salvador's Standards Committee issued Technical Standards NRP-71 to regulate real estate lease contracts entered into by Cooperative Banks and Federations. The regulations mandate prior Superintendence approval for leases with related parties and establish specific financial thresholds, such as a 5% equity limit on annual rent, to prevent harm to the entity's patrimony. These standards replace previous 2001 regulations and became effective on July 16, 2024.
Share