Circular No. 3.652

The Collegiate Board of the Central Bank of Brazil, in a session held on 26 March 2013, based on the provisions of arts. 9, 10, item IX, and 11, item VII, of Law No. 4.595, of 31 December 1964, art. 6 of Resolution No. 3.490, of 29 August 2007, art. 3, § 2, and art. 15 of Resolution No. 4.193, of 1 March 2013,

R E S O L V E S :

Art. 1 The art. 15-A of Circular No. 3.360, of 12 September 2007, shall take effect with the following wording:

Art. 15-A. .............................................................. ...........................................................................

• II - payroll loan contracted or renegotiated before 11 November 2011, or with a contractual term of up to sixty months;

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Art. 2 The art. 26 of Circular No. 3.644, of 4 March 2013, shall take effect with the following wording:

Art. 26. ................................................................ ...........................................................................

• II - payroll loan contracted or renegotiated as of 11 November 2011, with a contractual term exceeding sixty months;

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Sole paragraph. ......................................................... ...........................................................................

• III - whose object is a cargo motor vehicle, including vehicles classified as trailer or semi-trailer, subject to registration and licensing by the competent bodies under Law No. 9.503, of 23 September 1997 (National Traffic Code), with a load capacity above two tons; and

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Art. 3 This Circular shall enter into force on the date of its publication, except for art. 2, which shall enter into force on 1 October 2013.

Luiz Edson Feltrim Deputy Director of Regulation of the Financial System