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Rule · CNBV · 16 Dec 1998

Circular 1418: Agreement on Benefits for Home Credit Debtors

credit

The National Banking and Securities Commission requires credit institutions to obtain a copy of the Agreement on Benefits for Home Credit Debtors from the General Coordination of Normativity. Submitting the corresponding receipt of acknowledgment constitutes the institution's adherence to the Agreement and acceptance of its terms and conditions. The agreement was signed by the Federal Government, represented by the Secretariat of Finance and Public Credit, and the Association of Banks of Mexico, with the participation of parliamentary coordinators.

MexicoComision Nacional Bancaria y de Valores

Mexico, D.F., December 16, 1998
Circular No. 1418
SUBJECT: Agreement on Benefits for Home Credit Debtors.
TO CREDIT INSTITUTIONS:
Today, the Agreement on Benefits for Home Credit Debtors was signed between the Federal Government, represented by the Secretariat of Finance and Public Credit, and the Association of Banks of Mexico A.C., with the participation of the Coordinators of the Parliamentary Groups of the National Action Party and the Institutional Revolutionary Party in the Chamber of Deputies of the Honorable Congress of the Union. With the purpose that those institutions receive a copy of the aforementioned Agreement, a duly authorized official must proceed to the General Coordination of Normativity of this Commission, located at Insurgentes Sur 1971, Plaza Inn, South Tower, 10th floor, understanding that the corresponding receipt of acknowledgment will imply the respective institution's adherence to the Agreement and, therefore, its acceptance of the terms and conditions established therein. Sincerely, NATIONAL BANKING AND SECURITIES COMMISSION Eduardo Fernández García President

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