Resolution CMN No. 5132 Authorizing Renegotiation of Rural Credit Operations in Municipalities of Rio Grande do Sul Affected by Floods and Related Disasters

Monetary Council National

The current text of the MCR can be found at the following electronic address:
www3.bcb.gov.br/mcr.

RESOLUTION CMN NO. 5,132, OF MAY 10, 2024

Authorizes the renegotiation of rural credit operations in municipalities of the state of Rio Grande do Sul affected by floods, waterlogging, intense rains, flash floods, storms, landslides, or inundations.

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 an extraordinary session held on May 10, 2024, and considering the provisions of Articles 4, item VI, of Law No. 4,595 of 1964, Articles 4 and 14 of Law No. 4,829 of November 5, 1965, and Articles 5 and 6 of Law No. 10,186 of February 12, 2001,

R E S O L V E S:

Article 1. Section 7 (Transitional Norms) of Chapter 3 (Operations) of the Rural Credit Manual (MCR) shall enter into force with the following alteration:

“10 - Financial institutions are authorized, at their discretion, to automatically extend the maturity of principal and interest installments of rural credit operations due between May 1, 2024, and August 14, 2024, to August 15, 2024, for enterprises located in municipalities of the state of Rio Grande do Sul, with a federal-declared emergency or public calamity status recognized by the federal government between April 30 and May 20, 2024, resulting from floods, waterlogging, intense rains, flash floods, storms, landslides, or inundations, observed that:

a) the operations must be corrected using the contractual charges agreed upon for normal situations, and the sources of resources may be maintained, with the formalization of an amendment waived; and

b) operations contracted with controlled resources may only be extended if they were in good standing as of April 30, 2024.” (NR)

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

AILTON DE AQUINO SANTOS
Substitute President of the Central Bank of Brazil