Regulatory Alerts2004-10-08 | Resolución 167/2004Added · Updated
Resolution 167/2004
The Board of Directors of the Central Bank of Bolivia authorizes a one-year extension of the Administration Mandate Contract with Banco Mercantil S.A., effective December 1, 2004, along with specific modifications to the fee structure. The fixed monthly commission is set at USD 22,000, and judicial recovery commissions are consolidated into a single 12% rate covering all legal costs and supervision. For judicially adjudicated assets, this 12% commission is paid as 33% upon obtaining the free title and the remaining 67% upon cash sale, with a clawback mechanism for overpayments. Additionally, a 2% commission is authorized for the sale of assets adjudicated during the mandate period.
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