Regulatory Alerts2002-07-16 | Resolución 077/2002Added · Updated
Resolution 077/2002
The Central Bank of Bolivia modifies the administration mandate with Banco Mercantil S.A. by replacing the fixed commission with a variable fee of 0.05% of the gross portfolio balance, effective July 2002. The resolution expands the bank's authority to handle ordinary lawsuits arising from assets received from the former BBA, establishing specific percentage-based and fixed commissions for legal services and defining payment schedules tied to procedural milestones. It also amends the Portfolio Administration and Asset Sale Regulations to update property tax handling, valuation frequencies, and sale procedures, while authorizing the reimbursement of maintenance and custody costs incurred since December 1999.
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