Circular Letter No. 3650 — Clarifies the Application of Articles 2 and 5 of Resolution No. 4,292 of December 20, 2013, Regarding Credit Operations Portability

The Central Bank of Brazil clarifies that the prohibition in Article 2 of Resolution No. 4,292/2013 covers any alternative procedure for transferring credit operations at the debtor's request, including debt purchase. It further specifies that under Article 5, Section VII of the same resolution, the proposing institution may provide an electronic address for the original creditor to send portability documentation. These provisions entered into force on the date of publication.

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The Head of the Department of Financial System Regulation (Denor), using the attribution conferred by him by art. 22, item I, letter "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:

Art. 1º The prohibition established in art. 2 of Resolution No. 4,292, of December 20, 2013, covers the use of any alternative procedure for transferring credit operations between financial institutions, at the debtor's request, including that known as "debt purchase".

Art. 2º In compliance with art. 5, item VII, of Resolution No. 4,292, of 2013, the proposing institution may inform an electronic address for the receipt of documentation related to portability, to be sent by the original creditor institution.

Art. 3º 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