CMN Resolution No. 5186 — Amends the Manual of Rural Credit 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. 5,186, OF NOVEMBER 26, 2024

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

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 extraordinary session held on November 26, 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 Rules) of Chapter 3 (Operations) of the Manual of Rural Credit – MCR shall enter into force with the following alterations:

“17 - Financial institutions are authorized, at their discretion, to automatically extend the maturity of principal and interest installments of rural credit operations for working capital, investment, and industrialization, contracted with controlled resources, due or maturing between May 1 and December 13, 2024, to December 16, 2024, subject to the following conditions, cumulatively:

a) the operations must meet the criteria for obtaining discounts as set forth in art. 4 of Decree No. 12,138, of August 12, 2024, and, furthermore:

I - the borrower must have formally submitted the discount request by September 30, 2024, in accordance with Decree No. 12,138, of August 12, 2024, and the request must have been sent to the Special Commission for Analysis of Rural Credit Operations of Rio Grande do Sul; and

II - the financial institutions have not received, by November 25, 2024, the response regarding the applicability of the discount for the respective operation under analysis by the commission;

b) the operations must be corrected by normal contractual charges, and the source of resources may be maintained, dispensing with the formalization of an amendment; and

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

“18 - If the discount request for the operations referred to in item 17 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 December 13, 2024.” (NR)

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

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