Regulatory Alerts2015-04-28 | RESOLUCION DE DIRECTORIO Nº 065/2015Added · Updated
Board Resolution No. 065/2015: Regulation of Incentives for the Collection of Credit Portfolio Owned by the Central Bank of Bolivia and Received in Administration from the Former National Pre-investment Institute (Ex INALPRE)
The Board of Directors of the Central Bank of Bolivia approves a regulation establishing incentives for the collection of credit portfolios owned by the Bank and those received in administration from the former National Pre-investment Institute (Ex INALPRE) and certain liquidated banks. Debtors and guarantors who pay their total debt in a single cash payment are eligible for the forgiveness of current interest, penalty interest, moratory interest, and other charges, with forgiveness rates ranging from 80% to 95% of principal depending on the capital balance. The regulation specifies that judicial expenses not previously reported by lawyers will be forgiven, while judicial deposits and linked credits remain excluded from these benefits. These incentives are effective from May 1, 2015, through December 31, 2016.
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