RegAlert2022-12-15 | Resolução CMN 5055Added · Updated
CMN Resolution No. 5,055 of December 15, 2022, amending Resolution No. 4,676 of July 31, 2018, regarding real estate financing conditions and savings fund allocation
This resolution amends Resolution No. 4,676/2018 by introducing Articles 7º-A, 7º-B, and 7º-C, which mandate that credit rights received as collateral for real estate production financing must be registered in a system operated by a financial asset registrar, and that fund disbursement is conditional upon such registration. Financial institutions are restricted to providing financing for real estate developments subject to the asset allocation regime under Law No. 4,591/1964, and must ensure contracts specify credit rights, notify buyers of the collateral's impact, and provide electronic interfaces for debt tracking and payment receipts. These provisions apply to financing contracts entered into 120 days after the Central Bank of Brazil authorizes the exercise of real estate receivable registration or centralized deposit activities, with the resolution entering into force on January 1, 2023, and revoking Resolution CMN No. 4,909/2021.
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CMN RESOLUTION NO. 5,055, OF DECEMBER 15, 2022
Amends Resolution No. 4,676, of July 31, 2018, which provides for 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.
The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595, of December 31, 1964, makes it public that the National Monetary Council, in a session held on December 15, 2022, based on Articles 4, items VI and VIII, of the aforementioned Law, and Article 26-A of Law No. 12,810, of May 15, 2013,
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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
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