CMN Resolution No. 4,843 — Extends Emergency Measures for Rural Credit Operations Due to Social Distancing

Resolution No. 4,843

CMN RESOLUTION NO. 4,843, OF JULY 30, 2020

Extends the emergency measures introduced by Resolution No. 4,810, of April 30, 2020, applicable to procedures regarding the granting, control, and inspection of rural credit operations, as a result of social distancing measures adopted to mitigate the impacts of the pandemic caused by Covid-19.

The Central Bank of Brazil, in accordance with Art. 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in a session held on July 30, 2020, considering the provisions of Art. 4, item VI, of Law No. 4,595, of 1964, Arts. 4, 5, 10, item III, and 14 of Law No. 4,829, of November 5, 1965, and Art. 50, item II, of Law No. 8,171, of January 17, 1991,

RESOLVES:

Art. 1º Section 4 (Beneficiaries) of Chapter 1 (Preliminary Provisions) of the Rural Credit Manual (MCR) shall be in effect with the following alteration:

“10 - For operations contracted between March 1 and December 31, 2020, the presentation of the registration in a notary public of the documentation proving the contractual relationship between the landowner and the beneficiary lessee of the rural credit, including the letter of consent, referred to in items 7 and 8, is waived, provided that the landowner informs the financial institution, electronically, of the existence of said relationship.” (NR)

Art. 1º (Revoked, from May 1, 2021, by CMN Resolution No. 4,903/2021.)

Art. 2º Section 9 (Transitional Norms) of Chapter 2 (Basic Conditions) of the MCR shall be in effect with the following alterations:

“1 - The presentation of proof of application in the acquisition of inputs and payment of labor, referred to in MCR 2-5-11-“a”, if requested by the financier until December 31, 2020, may be carried out by the borrower until January 31, 2021.” (NR)

“2 - For the purpose of proving the acquisition of vehicles, machinery, and equipment, resulting from disbursements made between March 1 and December 31, 2020, the delivery of the documents, referred to in MCR 2-5-11-“b”, may be carried out until January 31, 2021.” (NR)

“3 - Exceptionally between April 30, 2020, and December 31, 2020, the granting of financing directed to cattle and buffalo farming is admitted without the presentation of the Animal Transit Guide (GTA), referred to in MCR 2-1-21-“a”-II, and the sanitary form, or equivalent document, referred to in MCR 2-1-21-“b”, which must be delivered to the financial institution until January 31, 2021, maintaining the other conditions set forth in MCR 2-1-21.” (NR)

“4 - Until December 31, 2020, on occasions when the inspection of the rural credit operation must be carried out in the form of MCR 2-7-10, the financial institution may exceptionally refrain from verifying the application of resources, provided that:

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(NR)

“5 - Until December 31, 2020, the local inspection referred to in MCR 2-8-8 is waived.” (NR)

Art. 2º (Revoked, from July 1, 2021, by CMN Resolution No. 4,895, of February 26, 2021.)

Art. 3º Section 6 (Transitional Norms) of Chapter 3 (Operations) of the MCR shall be in effect with the following alterations:

“19 - Until December 31, 2020, for the extension and rescheduling of repayment of credit operations destined for agricultural operating costs, referred to in MCR 3-2-25, the borrower is waived from presenting to the financial institution proof that the product is stored, when it is not possible to send it electronically, and must retain it for subsequent presentation, when requested.” (NR)

“20 - Until December 31, 2020, simplified renewal of agricultural and livestock operating credit operations is admitted, even in cases where this mechanism is not expressly authorized in the respective contractual instrument, observed that:

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(NR)

Art. 3º (Revoked, from May 1, 2021, by CMN Resolution No. 4,903/2021.)

Art. 4º This Resolution enters into force on the date of its publication.

Roberto de Oliveira Campos Neto
President of the Central Bank of Brazil