RESOLUTION No. 002181

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Revokes the regulation established in the Rural Credit Manual (MCR) 1-6.

THE CENTRAL BANK OF BRAZIL, in the form of art. 9 of Law No. 4,595, of 31.12.64, makes public that the NATIONAL MONETARY COUNCIL, in a session held on 20.07.95, having regard to the provisions of art. 4, item VI, of the said Law, and of arts. 4 and 14 of Law No. 4,829, of 05.11.65,

RESOLVED:

Art. 1 The provisions of the Rural Credit Manual (MCR) 1-6 relating to the impediment to participating in rural credit as a borrower are revoked, with the regulation applicable to the impediment of a technician or firm to provide services for the Program for the Guarantee of Agricultural Activity (PROAGRO) being maintained.

Art. 2 Financial institutions shall:

I - adopt the necessary measures for faithful observance, in the granting of rural credit, of the basic precept established in item I of arts. 10 and 50 of Laws No. 4,829, of 05.11.65, and 8,171, of 17.01.91 (good standing of the applicant);

II - in the event of verification of the occurrence of the situations provided for in arts. 19 and 20 of Law No. 7,492, of 16.06.86, or of other infractions provided for in the legislation in force, proceed with the pertinent communication to the Central Bank of Brazil, with a view to the adoption of the appropriate measures.

Art. 3 The adoption of the measures referred to in art. 2 shall be without prejudice to the exercise, by the Central Bank of Brazil, of the legal attributions assigned to it.

Art. 4 Competence is delegated to the Central Bank of Brazil to issue the rules and adopt the measures necessary for the execution of the provisions of this Resolution as well as to promote the necessary adjustments in the MCR.

Art. 5 This Resolution enters into force on 01.09.95

Brasília, 20 July 1995

Gustavo Jorge Laboissière Loyola
President