RegAlert

Rule · BCB · 8 Jul 1986 · Carta Circular 1431

Circular Letter No. 1431 — Lowering Standards on Financing of Goods, New or Used, by Credit, Financing and Investment Companies

credit

The document clarifies that for the financing of new or used goods, a copy of the invoice other than the first may be presented if it is destined for mandatory property registration with a competent authority. This provision does not apply to the financing of services, which continues to require the presentation of the first copy of the relevant fiscal document.

BrazilBanco Central do Brasil

Circular Letter No. 1,431, dated July 8, 1986

CIRCULAR LETTER NO. 1,431

To
Credit, Financing and Investment Companies

As established in item 5 of Circular Letter No. 1,045, dated July 3, 1986, we clarify that, in the case of financing of goods, new or used, the presentation of another copy of the Invoice other than the 1st (first) will be admitted, if this has an obligatory destination linked to the registration of the property of the good in a Competent Body.

  1. The provisions of said item also apply to the financing of services,
    requiring the presentation of the 1st (first) copy of the relevant fiscal document.

Brasília (DF), July 8, 1986.
DEPARTMENT OF STANDARDS OF THE CAPITAL MARKET Gustavo Jorge Laboissière Loyola HEAD

This text does not replace that published in the DOU and Sisbacen.

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Annotations and obligations
1 obligation · 1 permission · 1 definition
  • Obligation 1
  • Permission 1
  • Definition / condition 1
  • background, boilerplate

Lineage: Superseded

Circular No. 1045 - Economic St…1986Circular No. 1045 - Economic Stabilization Program - Cruzado Plan - Financing for Acquisition of Goods and Services - Reduction of Term - Resolution 1147 of June 26, 1986 (1986-07-03)Circular Letter No. 1431 —Lowering Standards on Financi…1986-07-08 · this documentCircular Letter No. 1431 — Lowering Standards on Financing of Goods, New or Used, by Credit, Financing and Investment Companies (1986-07-08)Circular No. 1120 - Investment …1987Circular No. 1120 - Investment Banks - Credit, Financing and Investment Companies. Real Estate Credit Companies. Operations with Individuals and Acquisition of Creditor Rights Linked to These Operations. Regulation - Revocation of Circulars 1045, 1059, 1092 and Circular Letters (1987-01-30)
amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Timeline

Amended 1 time · last 1987-01-30

This document amends: Circular No. 1045 - Economic Stabilization Program - Cruzado Plan - Financing for Acquisition of Goods and Services - Reduction of Term - Resolution 1147 of June 26, 1986

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