RegAlert2020-08-24 | Resolução CMN 4847Added
CMN Resolution No. 4847 on the Emergency Credit Access Program in the Receivables Guarantee Modality (Peac-Maquininhas)
CMN Resolution No. 4847 establishes operational rules for the Emergency Credit Access Program (Peac-Maquininhas), authorizing financial institutions to use internal verification processes, including payment arrangement data, to assess eligibility for microentrepreneurs and small businesses. It mandates that credit operations be guaranteed by the fiduciary assignment of receivables from payment arrangements settled in systems authorized by the Central Bank of Brazil. The resolution defines amortization systems, interest rate caps, and risk allocation, requiring financial institutions to cover any shortfall exceeding the principal and capped interest in case of default, while the Union's financial agent absorbs the difference between specific statutory interest rates.
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Resolution No. 4,847
CMN RESOLUTION NO. 4,847, OF AUGUST 24, 2020
Provides for the Emergency Credit Access Program in the Receivables Guarantee Modality (Peac-Maquininhas), established by Law No. 14,042, of August 19, 2020.
The Central Bank of Brazil, under Article 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in an extraordinary session held on August 24, 2020, based on Article 4, item VI, of the aforementioned Law, and Article 29 of Law No. 14,042, of August 19, 2020,
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Source: Banco Central do Brasil — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works