CMN Resolution No. 5,209 — Establishes financial charges, financing terms, and commissions for PMCMV Social Fund operations

Resolução Nº 5.209

CMN RESOLUTION NO. 5,209, OF APRIL 30, 2025

Establishes the financial charges, financing terms, and commissions due by the borrower, regarding the administration and risk of Social Fund financing operations destined for the Minha Casa, Minha Vida Program – PMCMV.

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 an extraordinary session held on April 30, 2025, and considering the provisions of Articles 4, caput, item III, 6, caput, item I, and § 19, item IV, of Law No. 14,620, of July 13, 2023, and Article 5, §§ 2 and 4, of Decree No. 12,424, of April 3, 2025,

R E S O L V E S:

Art. 1. This Resolution establishes the financial charges, financing terms, and commissions applicable to financing lines within the Minha Casa, Minha Vida Program – PMCMV, using resources from the Social Fund – FS, destined, in accordance with applicable legislation and the corresponding budget program, for the following purposes: (Amended by CMN Resolution No. 5,254, of 10/10/2025.)

I - financing of housing units, with the objective of facilitating access to housing, for individuals whose monthly family income falls within Faixa 3 of PMCMV; and (Added by CMN Resolution No. 5,254, of 10/10/2025.)

II - financing for the execution of housing improvement interventions, renovations, and expansions, including the purchase of construction materials, with the objective of promoting the right to adequate housing, for individuals whose monthly family income does not exceed the PMCMV ceiling, as per Article 5 of Law No. 14,620, of July 13, 2023. (Amended by CMN Resolution No. 5,301, of 5/5/2026.)

Sole Paragraph. The financial institution that grants credit with the resources referred to in the caput must assume the risks of the operations, including credit risk.

Art. 2. The following conditions apply to the financing lines referred to in Article 1, caput, item I: (Amended by CMN Resolution No. 5,254, of 10/10/2025.)

I - nominal financial charges to borrowers, as remuneration for the financial institution, of up to 2.16% per annum (two and sixteen hundredths percent per annum); (Amended by CMN Resolution No. 5,254, of 10/10/2025.)

II - nominal financial charges to borrowers, as remuneration for the Social Fund – FS, of 6.00% per annum (six percent per annum); (Amended by CMN Resolution No. 5,254, of 10/10/2025.)

III - maximum financing and amortization term of thirty-five years; and

IV - absence of grace period, except for financing destined for the housing construction modality, for which the grace period shall be equivalent to the term provided for the execution of works and services, limited to thirty-six months. (Amended by CMN Resolution No. 5,254, of 10/10/2025.)

§ 1. In loan operations linked to financing destined to holders of linked accounts, with at least three years of work, under the regime of the Time Service Guarantee Fund – FGTS, the nominal rate referred to in item II of the caput shall be reduced by 0.5 (zero point five) percentage points. (Transformed into § 1 by CMN Resolution No. 5,254, of 10/10/2025.)

§ 2. During the fiscal year of 2025: (Added by CMN Resolution No. 5,254, of 10/10/2025.)

I - the rate referred to in item I of the caput shall be up to 3.28% per annum (three and twenty-eight hundredths percent per annum); and (Added by CMN Resolution No. 5,254, of 10/10/2025.)

II - the rate referred to in item II of the caput shall be 4.88% per annum (four and eighty-eight hundredths percent per annum). (Added by CMN Resolution No. 5,254, of 10/10/2025.)

§ 3. The financial charges set forth in items I and II of the caput shall apply to the debtor balance of the operations updated by the Reference Rate – TR, calculated based on Resolution No. 4,624, of January 18, 2018. (Added by CMN Resolution No. 5,254, of 10/10/2025.)

Art. 3. The financial institution is authorized to charge, in addition to the provisions of Article 2, in the operations referred to in Article 1, caput, item I, the following fees, as provided in a norm of the FGTS Board of Trustees: (Amended by CMN Resolution No. 5,254, of 10/10/2025.)

I - the maximum value of R$25.00 (twenty-five reais) per month, as an administration fee; and

II - the value corresponding to 1.50% (one and five tenths percent) of the financing value, as an operational monitoring fee.

Art. 3-A. The following conditions apply to the financing lines referred to in Article 1, caput, item II: (Added by CMN Resolution No. 5,254, of 10/10/2025.)

I - nominal financial charges to borrowers, as remuneration for the financial institution, of up to 0.82% per month (eighty-two hundredths percent per month); (Amended by CMN Resolution No. 5,301, of 5/5/2026.)

a) (Revoked by CMN Resolution No. 5,301, of 5/5/2026.)

b) (Revoked by CMN Resolution No. 5,301, of 5/5/2026.)

II - nominal financial charges to borrowers, as remuneration for the FS, of 0.17% per month (seventeen hundredths percent per month); (Added by CMN Resolution No. 5,254, of 10/10/2025.)

III - maximum financing and amortization term of seventy-two months; and (Amended by CMN Resolution No. 5,301, of 5/5/2026.)

IV - maximum grace period of one hundred and eighty days. (Added by CMN Resolution No. 5,254, of 10/10/2025.)

Art. 3-B. The operations referred to in Article 1, caput, item II, are exempt from the requirement of insurance coverage and the provision of guarantees, provided they do not fall within the Housing Financial System – SFH and the Real Estate Financing System – SFI, as per Resolution No. 4,676, of July 31, 2018. (Added by CMN Resolution No. 5,254, of 10/10/2025.)

Art. 4. This Resolution enters into force on the date of its publication.

GABRIEL MURICCA GALÍPOLO

President of the Central Bank of Brazil