Regulatory Alerts2004-08-31 | Resolución 130/2004Added · Updated
Resolution 130/2004
The Board of Directors of the Central Bank of Bolivia clarifies and interprets the application of Article 89 of the Portfolio Administration and Asset Sale Regulations, specifically modifying the procedure for direct sales of rural properties related to the BCB IV deposit return. The amendment establishes that the Mandatary must submit a legal, technical, and financial report to the Asset Recovery and Realization Committee for approval only if the offered purchase price is lower than the commercial appraisal value but higher than the quick sale value. Previously, the requirement for the Mandatary to possess the property under Article 103 is waived for these specific rural assets where custody is difficult, provided formal offers exist and publications disclose occupant status and seller liability exclusions.
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.