Circular Letter No. 2130 — Clarifies on the Charging of Bank Fees for the Return of Checks

CIRCULAR LETTER NO. 002130

TO
FINANCIAL INSTITUTIONS PARTICIPATING IN THE
CHECKS AND OTHER PAPERS CLEARING SERVICE

CLARIFIES ON THE CHARGING OF
BANK FEES FOR THE RETURN OF CHECKS

TAKING INTO ACCOUNT THE PROVISIONS CONTAINED IN ARTICLES 14 AND 20 OF THE REGULATION ANNEXED TO RESOLUTION NO. 1,682, OF 31.01.90, WE CLARIFY THE FOLLOWING:

ART. 1. IN THE RETURN OF CHECKS FOR ANY REASON, ONLY THE VALUES ESTABLISHED IN ARTICLES 14 AND 20 OF THE REGULATION ANNEXED TO RESOLUTION NO. 1,682, OF 31.01.90, MAY BE CHARGED, AS A SERVICE FEE.

ART. 2. THE SERVICE FEE, PROVIDED FOR IN ARTICLE 14 OF THE ABOVE-CITED REGULATION, MAY ONLY BE CHARGED IN THE EVENT THAT THE CHECK TRANSITS THROUGH THE CHECKS AND OTHER PAPERS CLEARING SERVICE.

ART. 3. THE CHARGING, AS A BANK FEE, FOR THE EXAMINATION AND OTHER RELEVANT MEASURES REGARDING REQUESTS TO EXCLUDE ISSUERS OF INSUFFICIENT-FUNDS CHECKS FROM THE REGISTRY IS PERMITTED, AND THE VALUE OF THIS SERVICE MUST OBLIGATORILY APPEAR IN THE DEMONSTRATION TABLE REFERRED TO IN CIRCULAR NO. 1,734, OF 23.05.90.

ART. 4. THIS CIRCULAR LETTER ENTERS INTO FORCE ON THE DATE OF ITS PUBLICATION.

BRASILIA (DF), DECEMBER 18, 1990

DEPARTMENT OF NORMS OF THE FINANCIAL SYSTEM

ANTONIO CAETANO FILHO
CHIEF