CMN Resolution No. 4691 — Amends Resolutions Nos. 3,932 and 4,676 Regarding the Allocation of Savings Deposit Resources in the SBPE

The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595 of December 31, 1964, makes public that the National Monetary Council, in a session held on October 29, 2018, based on Articles 4, items VI and VIII, of the aforementioned Law, Article 8, item XII, of Law No. 4,380 of August 21, 1964, Article 7 of Decree-Law No. 2,291 of November 21, 1986, and Article 95 of Law No. 13,097 of January 19, 2015,

R E S O L V E S:

Art. 1 The regulation annexed to Resolution No. 3,932 of December 16, 2010, shall enter into force with the following alteration:

“Art. 14. .......................................................

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II - maximum limit of the valuation of the financed property of R$1,500,000.00 (one million and five hundred thousand reais);

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Art. 2 Resolution No. 4,676 of July 31, 2018, shall enter into force with the following alterations:

“Art. 7. ........................................................

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V - fiduciary cession of credit rights arising from real estate alienation contracts;

VI - pledge of credit or acquisition rights arising from real estate sale or promise of sale contracts; or

VII - fiduciary cession of credit or acquisition rights arising from real estate sale or promise of sale contracts.

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Art. 3 Paragraph 7 of Article 14 of the regulation annexed to Resolution No. 3,932 of 2010 is hereby revoked.

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

                             Ilan Goldfajn President of the Central Bank of Brazil