Resolution CMN No. 5267 — Updates Rules Applicable to Monitoring and Supervision by Remote Sensing of Rural Credit Operations by Financial Institutions — BCB — BR

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

RESOLUTION CMN NO. 5,267, OF NOVEMBER 28, 2025

Updates rules applicable to monitoring and supervision by remote sensing of rural credit operations by financial institutions.

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 a session held on November 27, 2025, considering the provisions of Article 4, caput, item VI, of Law No. 4,595, of December 31, 1964, Articles 4, 10, caput, item III, and 14 of Law No. 4,829, of November 5, 1965, and Article 50, caput, item II, of Law No. 8,171, of January 17, 1991,

R E S O L V E S:

Article 1. Section 7 (Monitoring and Supervision) of Chapter 2 (Basic Conditions) of the Rural Credit Manual – MCR shall enter into force in the form of the annex to this Resolution.

Article 2. This Resolution enters into force on March 1, 2026.

Gabriel Muricca Galípolo
President of the Central Bank of Brazil

TITLE: RURAL CREDIT
CHAPTER: Basic Conditions - 2
SECTION: Monitoring and Supervision - 7 (*)

The financial institution is responsible for the monitoring and supervision of rural credit operations, with the duty to define the procedures applied, observing:

a) the requirements established in this Section;

b) the effectiveness of the adopted procedure in view of the characteristics of the financed enterprise;

c) the application of consistent, verifiable criteria and methods, subject to evaluation by the Central Bank of Brazil; and

d) the necessary registration of the inspections performed.

The monitoring and supervision of rural credit operations aim to:

a) evaluate, in view of the applicable rural credit regulation and the financing contract:

I - the adequacy of the enterprise's management by the borrower;

II - the status of the guarantees linked to the rural credit operation;

III - the compatibility of the enterprise or the borrower with the program or credit line subject to the financing;

b) identify operations with signs of irregularities and prevent possible misappropriation in the contracting and management of financed enterprises, as defined in the applicable rural credit regulation, through practices such as:

I - mapping the composition of the rural credit portfolio;

II - cross-referencing information and using risk indicators, including from publicly available databases;

III - generating alerts regarding the risk of irregularities, starting from credit analysis;

IV - proposing directed samples to the financial institution's supervision team;

c) recommend changes to the financial institution's internal processes, including controls in contracting and supervision actions.

To comply with the provisions of item 2, the following analysis methods are permitted, individually or combined in the same operation, observing the need to ensure their compliance from contracting until the settlement of the financing:

a) remote sensing, through the acquisition and analysis of data from photographic, opto-electronic, or radar systems, capable of detecting and registering, in the form of images, the flow of electromagnetic radiation reflected or emitted by distant objects;

b) documentary, consisting of the analysis of supporting documentation;

c) on-site, consisting of the examination of the enterprise at the location where the financed activity takes place or where the financed asset or product is located.

In applying the remote sensing method, referred to in item 3, letter "a", the following specific conditions must be observed:

a) the images used must have sufficient quality, determined by parameters of spatial, temporal, spectral, and radiometric resolution, to extract information regarding the management of the enterprise by the borrower, such as:

I - application of credit in planted area;

II - developed crop; and

III - vegetative development of the cultivation;

b) the documentation related to the monitoring or supervision process must contain the registration of the following information:

I - imaging satellite and sensor used, date of images, spatial resolution, radiometric resolution, and bands used;

II - methodology used to perform pre-processing and image processing;

III - explanations regarding how the images were used to monitor and supervise operations;

c) image capture must be carried out in accordance with the purpose of the operations.

Enterprises for operating expenses and investment that cumulatively:

a) are financed in operations contracted from March 1, 2026; and

b) have a total area greater than three hundred hectares,

are subject to the obligation of monitoring and supervision by the remote sensing method, referred to in item 3, letter "a".

In the case referred to in item 5, prior to the formalization of the operation, the financial institution must adopt the remote sensing method to perform, at minimum, the following verifications:

a) the suitability of the enterprise's area for the execution of the financed activity, through verifications such as arable area, terrain slope, soil degradation level, among others;

b) whether there are elements characterizing credit duplication or recovery of invested capital, through the analysis of the enterprise's area, observing the provisions of MCR 2-5-2;

c) whether there is native vegetation in the enterprise's area, for the purpose of observing the provisions of MCR 2-9-16.

In the case referred to in item 5, throughout the course of the operation, the financial institution must adopt the remote sensing method to perform, at minimum, the following verifications, observing the provisions of item 4, letter "c", according to the characteristics of each enterprise:

a) the compatibility between the financed activity and the exploitation actually carried out in the entire area of the enterprise;

b) whether the planting and harvesting periods were observed, as informed in the contract, based on the respective dates indicated by remote sensing;

c) the coincidence between the financed enterprise's area and the emerged area, including to guide the producer on the possible need to alter the area informed in the Rural Credit Operations System and Proagro – Sicor, observing the provisions of MCR 2-1-3;

d) whether there are elements characterizing credit duplication or recovery of invested capital, observing the provisions of MCR 2-5-2;

e) whether there are signs of inadequate enterprise management or non-application of financing resources;

f) whether the exploitation of the enterprise's area and the continuous area connected to it occurred through overlap with areas prohibited by the provisions of MCR 2-9-5 to 15, observing the rules and exceptions provided in these items;

g) whether there was maintenance of native vegetation in the enterprise's area and the continuous area connected to it, for the purpose of observing the provisions of MCR 2-9-16.

Regarding the provisions of items 7, letters "f" and "g", any area adjacent to that informed in Sicor that has been used, during the course of the operation, to exploit the same activity subject to financing is considered a continuous area connected to the enterprise, observing that:

a) the verifications referred to in MCR 2-9 regarding Conservation Units, lands occupied by indigenous peoples, lands occupied and titled by descendants of quilombo communities, and Type B Public Forests must consider any continuous area connected to the enterprise, including continuous areas that exceed the rural property area;

b) the verifications referred to in MCR 2-9 regarding environmental embargoes and the maintenance of native vegetation must consider only the continuous area belonging to the rural property area of the enterprise;

c) for the definition of the rural property area referred to in letters "a" and "b", the information registered in the National Environmental Registry System – Sicar for the property in which the enterprise is located must be considered.

The verifications referred to in items 6 and 7 are applicable, where applicable, to livestock enterprises, with the existence of pasture and facilities compatible with the enterprise being determined, as applicable, with the counting of animals by remote sensing permitted.
The requirements referred to in items 5 to 9 do not exempt the financial institution from adopting the other methods referred to in item 3, in view of inconclusive information gathered by remote sensing or specific regulatory requirements, and whenever necessary to ensure the effectiveness of monitoring and supervision.
The structure responsible for the activities indicated in item 2 must have:

a) policies and strategies for monitoring and supervision of rural credit operations clearly documented;

b) methodology for monitoring and supervision actions;

c) supervision management, with adequate reporting of actions performed and continuous evaluation of the effectiveness of risk mitigation strategies used;

d) systematic control of credit contracting, through the implementation of routines and procedures capable of identifying operations with signs of irregularities and the establishment of indicators of credit diversion.

In monitoring and supervision actions involving the performance of samples, the sampling process must observe statistical criteria, according to a system established by the financial institution itself or based on technical standards or recommendations of federal control agencies.
In its monitoring and supervision work, the financial institution may use, complementarily, other external sources of information available.
Without prejudice to the full responsibility for complying with the provisions of this Section and other rural credit regulations, the financial institution may hire specialized persons to execute its monitoring and supervision work.
The exercise of monitoring and supervision activities is prohibited:

a) by a natural or legal person contracted directly by the borrower to provide technical assistance to the enterprise;

b) by a company in which the borrower participates directly or indirectly.

The following procedures must be adopted in monitoring and supervision actions for financing destined to:

a) construction, renovation, or expansion of improvements: monitoring and supervision actions must occur at least once until the end of the execution schedule provided in the project, to verify the complete completion of works and installations;

b) acquisition of machinery, equipment, implements, vehicles, tractors, harvesters, vessels, aircraft, and equipment used in crop measurement:

I - items must be identified by factory number, where applicable;

II - monitoring and supervision actions must occur within sixty days of credit release, with the borrower presenting the acquisition invoice discriminating the financed asset and the buyer, with the identification of the financial institution;

c) servicing cooperative members, in the supply of inputs modality: monitoring and supervision actions must occur after the registration of the cooperative members' list in Sicor and up to sixty days before the operation's maturity.

The financial institution must evaluate, based on the conclusions and recommendations of monitoring and supervision reports, the additional measures necessary to adapt the enterprise in view of the contracted credit.
The borrower may be held responsible for the reimbursement of expenses incurred in the case of supervision:

a) frustrated due to their fault;

b) extraordinary, carried out due to irregularities in their conduct.

The financial institution must perform the disqualification or reclassification of operations, according to the provisions of MCR 2-8.
The Central Bank of Brazil, in its monitoring and supervision activities of financial institutions, may determine the disqualification and/or reclassification of rural credit operations.
In the event of the confirmation of criminal offenses or tax frauds, the financial institution must communicate the facts to the Public Ministry or tax authorities, forwarding, whenever possible, the documents supporting the irregularities verified, without prejudice to the observance of Complementary Law No. 105, of January 10, 2001, when applicable.
In the case described in item 21, the financial institution must keep archived and available to the Central Bank of Brazil the communications made for the period corresponding to the statute of limitations of the punitive claim.
Financial institutions must keep the documentation generated in the supervision and monitoring process available to the Central Bank of Brazil, observing the legal and regulatory norms regarding the retention and conservation of documents related to rural credit operations.
The Central Bank of Brazil is authorized to:

a) supervise rural credit operations carried out by financial institutions, including with borrowers, with the credit instrument containing an explicit clause to this effect;

b) determine that financial institutions perform supervision on any rural credit operations, without burden to the Autarchy;

c) request the designation of a financial institution's inspector to perform inspections on the rural property, jointly with the Autarchy's representatives and without burden to the latter; and

d) determine the substitution of the supervision sample with another deemed adequate, when inconsistency in the sampling method employed is verified.

Lineage: No known changes