CMN Resolution No. 5173 — Amends the Rural Credit Manual to Authorize Renegotiation of Rural Credit Operations in Flood-Affected Municipalities of Rio Grande do Sul

The current text of the MCR is available at the following website: www3.bcb.gov.br/mcr.

CMN RESOLUTION NO. 5,173, OF SEPTEMBER 13, 2024

Amends Section 7 (Transitional Rules) of Chapter 3 (Operations) of the Rural Credit Manual – MCR to authorize the renegotiation of rural credit operations in municipalities in the state of Rio Grande do Sul affected by floods, waterlogging, heavy rains, flash floods, gales, landslides, or inundations.

The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in an extraordinary session held on September 13, 2024, based on Articles 4, caput, item VI, of Law No. 4,595, of December 31, 1964, Articles 4 and 14 of Law No. 4,829, of November 5, 1965, and Articles 5 and 6 of Law No. 10,186, of February 12, 2001,

R E S O L V E S:

Article 1. Section 7 (Transitional Rules) of Chapter 3 (Operations) of the Rural Credit Manual – MCR shall be amended as follows:

“12 - Financial institutions are authorized, at their discretion, to automatically extend the maturity of principal and interest installments of rural credit operations for funding, investment, and industrialization, due or maturing between May 1 and October 14, 2024, to October 15, 2024, for enterprises located in municipalities in the state of Rio Grande do Sul, with a declaration of a state of emergency or public calamity until July 31, 2024, due to floods, waterlogging, heavy rains, flash floods, gales, landslides, or inundations occurring in the period from April 1 to May 31, 2024, recognized by the federal government, provided that:

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(NR)

“13 - ..........................................................................................................................

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g) borrowers must request the extension from the financial institution by October 15, 2024.” (NR)

“14 - Financial institutions are authorized, at their discretion, to automatically extend the maturity of principal and interest installments of rural credit operations for funding, investment, and industrialization, due or maturing between May 1 and October 29, 2024, to October 30, 2024, subject to the following conditions, cumulatively:

.........................................................................................................................”
(NR)

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

ROBERTO DE OLIVEIRA CAMPOS NETO
President of the Central Bank of Brazil