Regulatory Alerts2007-12-18 | Resolución 158/2007Added · Updated
Resolution 158/2007
The Board of Directors of the Central Bank of Bolivia expands the powers of the Credit Recovery Committee under Article 13 of the Regulation for the Collection of Past-Due Old Portfolio. The Committee is now authorized to waive 100% of penal and moratory interest when debtors of past-due and executed portfolios request in writing the total cancellation of their debt, including principal, current interest, legal costs, and attorney fees, provided the payment is made in cash and in a single lump sum. This measure applies specifically to debtors seeking to settle their obligations with the Central Bank of Bolivia under these strict conditions.
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.