Regulatory Alerts2019-11-18 | ASFI/CC-12256/2019Added · Updated
ASFI Circular Letter DNP CC-12256 2019 of November 18, 2019
Financial Intermediation Entities must individually evaluate reprogramming requests from borrowers affected in their economic activity, assessing their new repayment capacity. Entities may also offer alternative solutions such as grace periods with conditions adjusted to the credit characteristics and the borrower's situation. The document clarifies that reprogramming a credit does not automatically result in changing the debtor's classification to a higher risk category.
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