Circular Letter No. 3619 — Clarifies Instruments Eligible as Collateral for Issuing Real Estate Credit Notes Under Circular No. 3,614 of November 14, 2012

Real Estate Receivables Certificates established under Law No. 9,514 of November 20, 1997, are excluded from the categories listed in Article 4, Section II, of Circular No. 3,614 of November 14, 2012, because they cannot serve as collateral for the issuance of Real Estate Credit Notes. This exclusion applies to the specified instruments, and the regulation takes effect on the date of publication.

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The Head of the Department of Financial System Regulation (Denor), using the authority granted by Article 22, Section I, item "a", of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 29,971 of March 4, 2005,

R E S O L V E:

Article 1. Real Estate Receivables Certificates referred to in Law No. 9,514 of November 20, 1997, do not fall within the categories listed in Article 4, Section II, of Circular No. 3,614 of November 14, 2012, as they do not serve as collateral for the issuance of Real Estate Credit Notes.

Article 2. This Circular Letter enters into force on the date of its publication.

Sérgio Odilon dos Anjos

Lineage: In force

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Source: Banco Central do Brasil — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works