CMN Resolution No. 4819 - Amends Resolution No. 4,676 Regarding Real Estate Financing Conditions

The Central Bank of Brazil, pursuant to Article 9 of Law No. 4,595 of December 31, 1964, makes it public that the National Monetary Council, in a session held on May 29, 2020, based on Articles 4, items VI and VIII, of the aforementioned Law, 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. Resolution No. 4,676 of July 31, 2018, shall enter into force with the following alteration:

“Art. 25-A. The release of funds related to real estate financing contracted by September 30, 2020, may be carried out, at the discretion of financial institutions and other institutions authorized to operate by the Central Bank of Brazil, after the preliminary registration of the title constituting the guarantee at the competent Real Estate Registry.

Sole Paragraph. In the event that the facility provided for in the caput is exercised, the provisions of Article 9 of this Resolution shall not apply.” (NR)

Art. 2. This Resolution enters into force on the date of its publication.

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