Regulatory Alerts2020-03-16
Added · Updated
Circular dated March 16, 2020, supplementing the instructions issued regarding the precautionary measures that must be taken to confront the effects of the Corona virus
Banks are required to postpone all credit obligations for customers, including individuals and institutions, for a period of six months, covering consumer loans and residential mortgages. No additional returns or late payment penalties shall be applied during this postponement period. This directive is effective as of the date of the circular.
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