Regulatory Alerts2020-06-18 | Resolução CMN 4823CMN Resolution No. 4823 Authorizes Renegotiation of FTRA Financing for Family Farmers Affected by Drought and Amends Credit Contracting Norms
The Central Bank of Brazil, acting on behalf of the National Monetary Council, authorizes financial institutions to renegotiate principal and interest installments for FTRA family farming loans in municipalities declared in emergency due to drought between January 1 and the publication date of the Resolution. The measure allows for renegotiation up to one year after the final contract maturity for loans that were compliant as of December 30, 2019, while maintaining standard financial charges and established rebates. Additionally, the Resolution updates the Rural Credit Manual to adjust credit limits, interest rates, and investment caps for FTRA-funded rural property acquisitions granted from July 1, 2020.
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