CMN Resolution No. 5181 — Amends the Transitional Norms Section of the Rural Credit Manual to Authorize Renegotiation of Rural Credit Operations in Flood-Affected Municipalities of Rio Grande do Sul

Monetary Council

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

RESOLUTION CMN NO. 5,181, OF OCTOBER 23, 2024

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

The Central Bank of
Brazil, in accordance with Art. 9 of Law No. 4,595, of December 31, 1964, makes public that the Monetary Council, in an extraordinary session held on October 23, 2024, based on Arts. 4, caput, item VI, of Law No. 4,595, of December 31, 1964, 4 and 14 of Law No. 4,829, of November 5, 1965, and 5 and 6 of Law No. 10,186, of February 12, 2001,

R E S O L V E S:

Art.
1º Section
7 (Transitional Norms) of Chapter 3 (Operations) of the Rural Credit Manual – MCR shall enter into force with the following alterations:

“15

• Financial institutions are authorized, at their discretion, to automatically extend
  to November 27, 2024, the maturity of principal and interest installments of rural credit operations for working capital, investment, and industrialization, due or maturing between May 1 and November 26, 2024, subject to the following conditions, cumulatively:

a) the operations must meet the criteria for obtaining the discounts referred to in Art. 4 of Decree No. 12,138, of August 12, 2024, and their request must be forwarded to the Special Commission for Analysis of Rural Credit Operations of Rio Grande do Sul;

b) the borrower must have formally submitted the discount request in accordance with Decree No. 12,138, of August 12, 2024;

c) the operations must be adjusted by normal contractual charges, and the source of funds may be maintained, dispensing with the formalization of an amendment; and

d) operations with controlled resources must be in a compliant status as of April 30, 2024.” (NR)

“16 - If the discount request for the operations referred to in item 15 is rejected by the Special Commission for Analysis of Rural Credit Operations of Rio Grande do Sul, the borrowers of these operations may opt for the renegotiation referred to in item 13, provided they request the extension from the financial institution by November 26, 2024.” (NR)

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

RODRIGO ALVES TEIXEIRA
President of the Central Bank of Brazil substitute