Circular No. 2060 — Clarifies Coverage Scenarios for FCVS

CIRCULAR NO. 002060

CLARIFIES THE COVERAGE SCENARIOS FOR FCVS.

WE COMMUNICATE THAT THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF BRAZIL, IN A SESSION HELD ON 09.10.91, BASED ON ARTS. 24 OF LAW NO. 8,004, OF 14.03.90, 20 OF LAW NO. 8,088, OF 31.10.90 AND 4 OF LAW NO. 8,100, OF 05.12.90, DECIDED:

ART. 1. EARLY SETTLEMENTS OF HOUSING FINANCING, CARRIED OUT BASED ON LAW NO. 8,004, OF 14.03.90, WILL BE CONSIDERED REGULAR, SINCE THE EFFECTIVE DATE OF SAID LAW, FOR PURPOSES OF ELIGIBILITY BEFORE THE SALARY VARIATION COMPENSATION FUND (FCVS), WHEN FORMALIZED WITH OBSERVANCE OF THE PROVISION IN CIRCULAR NO. 1,939, OF 17.04.91.

SINGLE PARAGRAPH. THE PROVISIONS OF CIRCULAR NO.
1,950, OF 26.04.91, APPLY ONLY TO OPERATIONS SETTLED FROM ITS EFFECTIVE DATE.

ART. 2. THE RESTRICTION FOR SETTLEMENT OF FINANCING OF WHICH ART. 3, PARAGRAPH 1, OF LAW NO. 8,100, OF 05.12.90, TREATS, COVERS ONLY OPERATIONS CONTRACTED FROM 27.04.87, DATE OF PUBLICATION OF CIRCULAR NO. 1,161.

ART. 3. TO CLARIFY THAT THE PROVISIONS OF PARAGRAPH 3 OF ART. 3 OF LAW NO. 8,004, OF 14.03.90, APPLY IDENTI- CALLY TO THE FINANCING TREATED IN ART. 2 OF THE SAME LAW.

ART. 4. THIS CIRCULAR TAKES EFFECT ON THE DATE OF ITS PUBLICATION.

BRASÍLIA (DF), OCTOBER 10, 1991

GUSTAVO JORGE LABOISSIÈRE LOYOLA
DIRECTOR