Regulatory Alerts2004-06-29 | Resolución 093/2004Added · Updated
Resolution 093/2004
The Central Bank of Bolivia modifies Article 89 of the Portfolio Administration and Asset Sale Regulation to permit the direct sale of rural properties with formal purchase offers, bypassing the costly and difficult eviction process. This exception applies specifically to assets from the BCB IV credit recovery portfolio where eviction expenses are prohibitive, requiring that the property be sold with explicit disclosure of occupants and seller exclusion of liability for eviction. The modified procedure mandates that the administrator publish the sale, wait fifteen days, and then submit all proposals along with legal, technical, and financial reports to the Recovery and Realization Committee for approval, provided the offer meets or exceeds the updated commercial appraisal value.
More like this from BCB
BCB published 7 documents in the last 30 days. We email you each new one the day it's published.