Regulatory Alerts2018-06-04 | CD-SIBOIF-1058-1-JUN4-2018Added · Updated
Resolution Amending Article 7 of the Standard for Establishing Special Conditions for Debt Renegotiation
The Board of Directors of the Superintendence of Banks and Other Financial Institutions amended Article 7 of the Standard for the Establishment of Special Conditions for the Renegotiation of Debts. The amendment requires financial institutions to obtain the Superintendent's non-objection prior to approving new credit conditions. To secure this authorization, institutions must submit a report justifying the reasons for the new conditions to the Superintendence. This resolution entered into force upon its notification.
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