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Rule · BCB · 23 Jul 2007 · Circular 3357

Circular No. 3357 — Establishes remuneration for the execution of the Educational Credit Program under Law No. 8,436 of 1992

credit

Circular No. 3357 authorizes Caixa Econômica Federal to charge an annual remuneration rate of 2% on the updated amount of educational credit financing contracts that are not acquired by the institution. This remuneration applies exclusively to financing contracts not acquired by Caixa Econômica Federal. The regulation entered into force on the date of its publication, July 23, 2007.

BrazilBanco Central do Brasil

CIRCULAR NO. 003357

Establishes remuneration for the execution of the Educational Credit Program under Law No. 8,436 of 1992.

The Collegiate Board of the Central Bank of Brazil, in a session held on July 23, 2007, based on Article 4 of Law No. 8,436 of June 25, 1992,

DECIDED:

Article 1. Caixa Econômica Federal is authorized to charge, as remuneration for its role as executor of the Educational Credit Program, an amount equivalent to 2% per annum (two percent per year) of the updated amount of financing "in force" granted under the program.

Sole Paragraph. The remuneration referred to in the main text applies only to financing contracts not acquired by Caixa Econômica Federal.

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

Brasília, July 23, 2007.

Alexandre Antonio Tombini
Director

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Law No. 8436 of 1992Not in RegAlertLaw No. 8436 of 1992 — Not in RegAlertCircular No. 3357 —Establishes remuneration for …2007-07-23 · this documentCircular No. 3357 — Establishes remuneration for the execution of the Educational Credit Program under Law No. 8,436 of 1992 (2007-07-23)
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Issued under
  • Law No. 8436 of 1992Not in RegAlert

    “based on Article 4 of Law No. 8,436 of June 25, 1992”

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