Resolution CMN No. 3733 — Authorizes Extension and Renegotiation of Operating and Investment Installments for Rural Producers Affected by Excessive Rainfall in Santa Catarina in 2008

RESOLUTION NO. 003733

Authorizes the extension and renegotiation of installments for operating and investment for rural producers affected by excessive rainfall in Santa Catarina in 2008.

The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in an extraordinary session held on June 16 and 17, 2009, considering the provisions of Article 4, item VI, of Law No. 4,595, of 1964, and Articles 4 and 14 of Law No. 4,829, of November 5, 1965, and Article 5 of Law No. 10,186, of February 12, 2001,

RESOLVES:

Article 1. Financial agents are authorized to extend, to August 15, 2009, the due date of future installments between July 1, 2009, and August 14, 2009, maintaining normal financial charges, for rural financings whose producers suffered income losses due to floods and whose financed activity is located in municipalities of the State of Santa Catarina that declared a state of calamity or emergency situation between October 1, 2008, and December 10, 2008, with recognition of the declaration by the State Government, regarding operations of:

I - rural operating carried out with resources controlled by rural credit or under the aegis of the Employment and Rural Income Generation Program (Proger Rural), provided they do not have coverage from the Agricultural Activity Guarantee Program (Proagro) or other production insurance;

II - rural investment carried out with resources administered by the National Bank for Economic and Social Development (BNDES) or under the aegis of PROGER Investment;

Sole Paragraph: The extension of term referred to in this article covers only operations contracted by October 31, 2008.

Article 2. Financial agents are authorized to renegotiate up to 100% (one hundred percent) of the value of the installments of rural operating operations covered under Article 1, item I, due between August 15, 2009, and December 30, 2009, considering the new term granted, for up to 3 (three) years, with the first installment of the repayment schedule having payment scheduled for 2010, according to the period for obtaining revenues by the borrower and provided that requested by the producer by the date of the respective due date.

Article 3. Financial agents are authorized to extend up to 100% (one hundred percent) of the value of rural investment installments covered under Article 1, item II, due between August 15, 2009, and December 30, 2009, considering the new term granted, for up to 1 (one) year after the due date of the last installment provided in the contract and provided that requested by the borrower by the date of the respective due date.

Article 4. Financial agents, in the process of formalizing the renegotiations referred to in this resolution, must observe the provisions of Resolution No. 2,682, of December 21, 1999, and Resolution No. 3,499, of September 27, 2007.

Article 5. This resolution enters into force on the date of its publication.

Brasília, June 17, 2009.

Mário Magalhães Carvalho Mesquita
President, substitute