CMN Resolution No. 4834 - Amends Resolution No. 4,760 of November 27, 2019

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 June 25, 2020, considering the provisions of Article 49 of Law No. 13,986 of April 7, 2020,

R E S O L V E S:

Article 1. Resolution No. 4,760 of November 27, 2019, shall enter into force with the following alterations:

"Article 1. ......................................................

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III - financial charges: effective interest rate of up to 6% p.a. (six percent per annum);

IV - repayment term: up to 13 (thirteen) years, including up to 3 (three) years of grace period;

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Article 2. This Resolution enters into force on July 1, 2020.

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