Circular No. 3616 — Conditions for Registration of Guarantees and Ownership Information on Motor Vehicles in Credit and Leasing Operations

The Collegiate Board of the Central Bank of Brazil, in a session held on November 29, 2012, based on Article 3 of Resolution No. 4,088, of May 24, 2012,

R E S O L V E:

Article 1. Financial institutions and leasing companies must observe the provisions of this Circular for the purpose of registering, in an asset registration and financial liquidation system authorized by the Central Bank of Brazil, information regarding guarantees constituted on motor vehicles in credit operations, as well as information regarding the ownership of motor vehicles subject to leasing operations.

§ 1. The registration mentioned in the caput must contain, at a minimum, information relating to:

I - creditor or lessor;

II - seller;

III - financed party or lessee;

IV - vehicle; and

V - contract.

§ 2. The registration mentioned in the caput must be carried out in an asset registration and financial liquidation system that ensures the exchange of information with other similar systems, allowing for consultation with a single and automatic response, covering information of national scope.

Article 2. The Norms Department of the Financial System (Denor) and the Financial System Monitoring Department (Desig) are authorized to detail the set of information to be provided for each of the items mentioned in § 1 of Article 1, as well as to adopt the complementary measures necessary for compliance with this Circular.

Article 3. This Circular enters into force on April 30, 2013.

Luiz Edson Feltrim Anthero de Moraes Meirelles Deputy Director of the Director of Supervision Financial System, substitute