RegAlert2021-06-24 | Resolução CMN 4925Added
CMN Resolution No. 4925 of June 24, 2021, amending Resolution No. 4,676 of July 31, 2018, and Resolution No. 3,919 of November 25, 2010
This resolution amends Resolution No. 4,676/2018 to permit financial institutions to charge fees for property valuation or revaluation services in residential mortgage and secured loan operations under specific conditions, including prior borrower consent, maximum value disclosure, and provision of technical reports and cost breakdowns. It explicitly prohibits including costs unrelated to the valuation, such as marketing, general personnel, or system maintenance, and requires retention of supporting documents for five years. Additionally, it amends Resolution No. 3,919/2010 to clarify that its provisions do not apply to credit operations secured by residential real estate, which remain subject to specific regulation. The resolution enters into force on June 1, 2022.
BCB published 15 documents in the last 30 days — get each new one by email the day it lands.
CMN RESOLUTION NO. 4,925, OF JUNE 24, 2021
Amends Resolution No. 4,676, of July 31, 2018, which establishes the general conditions and criteria for contracting real estate financing by financial institutions and other institutions authorized to operate by the Central Bank of Brazil and regulates the allocation of resources captured in savings deposits, and Resolution No. 3,919, of November 25, 2010, which establishes the charging of fees for the provision of services by financial institutions and other institutions authorized to operate by the Central Bank of Brazil.
Read the rest free, and get an email when BCB publishes again
Lineage: In force
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