Resolution CMN No. 3157 — Defines Institutions of the Housing Financial System (SFH)

RESOLUTION No. 003157

Defines the institutions that are part of the Housing Financial System (SFH).

The CENTRAL BANK OF BRAZIL, in accordance with Article 9 of Law 4,595 of December 31, 1964, makes public that the MONETARY COUNCIL NATIONAL, in a session held on December 17, 2003, based on the provisions of Article 7 of Decree-Law 2,291 of November 21, 1986,

RESOLVES:

Art. 1st Amend Article 1 of the Regulation annexed to Resolution 1,980 of April 30, 1993, which shall now read as follows:

"Art. 1st The following integrate the Housing Financial System (SFH), as financial agents, multiple banks with real estate credit portfolios, savings banks, real estate credit societies, savings and loan associations, housing companies, housing foundations, pension institutes, mortgage companies, mortgage departments of military clubs, military funds, state and municipal montepios, and complementary pension entities.

Sole Paragraph. For the specific case of operations in the sanitation area, financial institutions not expressly mentioned in the main text are considered part of the Housing Financial System (SFH), as financial agents." (NR)

Art. 2nd This resolution enters into force on the date of its publication.

Brasília, December 17, 2003.

Henrique de Campos Meirelles
President