Regulatory Alerts1999-06-22 | Resolución 053/99Added · Updated
Board Resolution No. 053/99 Approving Regulations for the Collection of Past-Due Portfolio
The Board of Directors of the Central Bank of Bolivia approved regulations for collecting past-due credit portfolios, effective July 1, 1999. This resolution authorizes the recovery of non-performing loans through incentives for full payment and accounting regularization mechanisms, while repealing previous resolutions that prohibited credit reprogramming and limited debt forgiveness to penal interest only.
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