Regulatory Alerts2003-12-16 | Resolución 146/2003Added · Updated
Resolution 146/2003
The Board of Directors of the Central Bank of Bolivia amends Article 14 of the Transitional Regulation for Portfolio Administration under Law No. 2297 to remove the requirement that credit classifications remain unchanged until cancellation, allowing for the reclassification of reprogrammed credits. The resolution mandates that for credits exceeding the autonomous decision margin of US$150,000, the Mandatary must follow the administrative procedure established in the Portfolio Administration and Asset Sale Regulation. Additionally, the Mandatary is required to establish a generic provision to maintain the total provision value existing prior to the reprogramations carried out under Law No. 2297.
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