CMN Resolution No. 5,204 — Authorizes Extension of Payment Terms for Agricultural Credit Operations Contracted with FNE Resources

CMN RESOLUTION NO. 5,204, OF APRIL 4, 2025

Authorizes the extension of the payment deadline for agricultural operating credit operations contracted with resources from the Northeast Constitutional Financing Fund – FNE, in the period from January 2, 2022, to July 31, 2022, by family farmers, mini and small rural producers.

The Central Bank of Brazil, in accordance with art. 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in an extraordinary session held on April 4 of 2025, taking into account the provisions of art. 4, caput, item VI, of Law No. 4,595, of December 31, 1964, art. 15, § 1, of Law No. 7,827, of September 27, 1989, and art. 8-A, § 4, of Law No. 10,177, of January 12 of 2001,

R E S O L V E D:

Art. 1. The renegotiation of agricultural and livestock operating credit operations maturing from January 2, 2025, until the date of publication of this Resolution, contracted with resources from the Northeast Constitutional Financing Fund – FNE, in the period from January 2, 2022, to July 31, 2022, by family farmers and other rural producers whose financed enterprises were harmed by drought or dry spells in municipalities within the area of operation of the Superintendence for the Development of the Northeast – Sudene, with declaration of a situation of emergency or state of public calamity due to drought or dry spell in effect on the date of publication of this Resolution, with recognition by the Federal Executive Branch, maintaining the contractual conditions and observing the following specific conditions:

I - repayment: up to 100% (one hundred percent) of the value of the operating credit owed by the borrower during the period may be renegotiated for payment within up to forty-eight months, including up to twelve months of grace;

II - financial charges:
the outstanding balance to be renegotiated must be updated until the date of formalization by normal financial charges agreed upon without the application of late interest and fines;

III - formalization of renegotiation: by May 31 of 2025; and

IV - compliance with the requirements set forth in MCR 2-6-4 and MCR 10-1-25 is waived.

Sole Paragraph. The provisions of this article do not apply to operations:

I - contracted by borrowers who have committed diversion of credit purpose, except when the irregularity has been remedied prior to the renegotiation of the debt;

II - of operating credit classified under the Program of Guarantee of Agricultural and Livestock Activity – Proagro or with coverage of any rural production insurance; and

III - whose enterprise has been proven to have been conducted without observance of the conditions of the portarias of Climate Risk Agricultural Zoning – Zarc, when there is indication.

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

GABRIEL MURICCA GALÍPOLO
President of the Central Bank of Brazil