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Rule · BCB · 17 Dec 1993 · Resolução CMN 2035

Resolution CMN No. 2035 — Provisions on the discharge of housing financing by lapse of time

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Resolution CMN No. 2035 establishes that for housing financing contracts transferred without the intervention of a Financial Agent prior to March 14, 1990, the application for coverage of the residual debtor balance by the Wage Variation Compensation Fund (FCVS) must be made in the name of the current property holder. This requirement applies specifically to the discharge of such financing due to the lapse of time. The resolution entered into force on the date of its publication.

BrazilBanco Central do Brasil

RESOLUTION NO. 2035

Provisions on the discharge of housing financing by lapse of time.

The CENTRAL BANK OF BRAZIL, in accordance with Article 9 of Law No. 4,595 of December 31, 1964, makes public that the MONETARY COUNCIL NATIONAL, in a session held on December 17, 1993, based on Article 7 of Decree-Law No. 2,291 of November 21, 1986,

RESOLVES:

Article 1. Establish that, in cases of discharge of housing financing by lapse of time, for contracts transferred without the intervention of the Financial Agent, in a period prior to the issuance of Law No. 8,004 of March 14, 1990, the application, for the purpose of coverage of the residual debtor balance by the Wage Variation Compensation Fund (FCVS), must be made in the name of the current holder of the property.

Article 2. This Resolution enters into force on the date of its publication.

Rio de Janeiro, December 17, 1993

Pedro Sampaio Malan
President

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Lei n.º 4.595, de 31 de dezembrode 1964 — dispõe sobre a política…1964 · BR-LAWLei n.º 4.595, de 31 de dezembro de 1964 — dispõe sobre a política e as instituições monetárias, bancárias e creditícias (establishes the National Financial System and the Banco Central do Brasil) (1964-12-31)Decreto-Lei nº 2.291, de 21 denovembro de 1986 — Extingue o Ban…1986 · BR-LAWDecreto-Lei nº 2.291, de 21 de novembro de 1986 — Extingue o Banco Nacional da Habitação - BNH, e dá outras Providências (Decree-Law No. 2,291 of 21 November 1986 — Abolishes the National Housing Bank (BNH) and makes other provisions) (1986-11-21)Resolution CMN No. 2035 —Provisions on the discharge o…1993-12-17 · this documentResolution CMN No. 2035 — Provisions on the discharge of housing financing by lapse of time (1993-12-17)
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