Circular No. 3.050

CIRCULAR No. 003050 ------------------ Creates a new reason for the return of checks by the Check and Other Instruments Clearing Service (SCCOP) The Board of Directors of the Central Bank of Brazil, in a session held on 1 August 2001, based on art. 11, item VI, of Law No. 4.595, of 31 December 1964, and on art. 2 of Resolution No. 1.682, of 31 January 1990, D E C I D E D: Art. 1 Create return reason No. 20 - Check leaf canceled at the request of the account holder. Paragraph 1 The reason referred to in the caput must be used by financial institutions in the return of checks whose blank leaves have been stolen, robbed or lost after receipt by the account holder. Paragraph 2 A prerequisite for the use of the reason referred to in the caput is the existence of a request made by the account holder to the financial institution maintaining the respective deposit account, in the form set forth in art. 3 of Resolution No. 2.747, of 28 June 2000. Art. 2 This Circular enters into force on the date of its publication, producing effects as of 3 September 2001. Brasília, 2 August 2001 Sérgio Darcy da Silva Alves Director