CMN Resolution No. 5122 — Amends Rules on Renegotiation of Rural Credit Debts under Pronaf with Constitutional Financing Fund Resources

Resolution No. 5122

The current text of the MCR can be found at the following electronic address:
www3.bcb.gov.br/mcr.

CMN RESOLUTION NO. 5,122, OF MARCH 28, 2024

Amends the rule dealing with the renegotiation of rural credit debts contracted under the support of the National Program for Strengthening Family Agriculture (Pronaf) with resources from the Constitutional Financing Funds.

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 a session held on March 28, 2024, having regard to the provisions of arts. 4, item VI, of Law No. 4,595, of 1964, 4 and 14 of Law No. 4,829, of November 5, 1965, and 5 of Law No. 10,186, of February 12, 2001,

RESOLVES:

Art. 1 The Section 1 (General Provisions) of Chapter 10 (National Program for Strengthening Family Agriculture - Pronaf)of the Manual of Rural Credit (MCR) shall enter into force with the following changes:

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f) renegotiation may be requested by the borrower after the due date of the installment, subject to the following conditions:

I - the request must be made within 30 (thirty) days after the due date of the installment for operations backed by resources transferred by BNDES;

II - the request must be made within 120 (one hundred and twenty) days after the due date of the installment for operations contracted with resources from FNO, FCO, and FNE;

III - the request must be made within 60 (sixty) days after the due date of the installment for the remaining cases;

IV - the renegotiation requested based on items I, II, or III must be formalized within 90 (ninety) days after the borrower's request;

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j) if there is no renegotiation request within the deadlines provided for in items I or III of clause “f”, according to the source of resources backing the operation, any renegotiation may be carried out in accordance with MCR 2-6-7, observing the provisions of MCR 2-6-8 and MCR 2-6-9;

k) if there is no renegotiation request within the deadline provided for in item II of clause “f”, any renegotiation of an operation backed by resources from FNO, FCO, and FNE may be carried out observing the provisions of MCR 2-6-8 and MCR 2-6-9.” (NR)

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

Roberto de Oliveira Campos Neto
President of the Central
Bank of Brazil