Resolution CMN No. 5311 - Provides for the settlement of debts arising from rural credit operations contracted under the Special Credit Program for Agrarian Reform - Procera

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 June 25, 2026, considering the provisions of Article 4, caput, item VI, of Law No. 4.595 of December 31, 1964, Articles 4 and 14 of Law No. 4.829 of November 5, 1965, Article 8 of Law No. 13.001 of June 20, 2014, and Articles 3 and 6 of Decree No. 8.179 of December 27, 2013,

RESOLVES:

Article 1. The granting of a rebate for the settlement of rural credit operations contracted under the Special Credit Program for Agrarian Reform – Procera, using resources from the General Budget of the Union – OGU, whether renegotiated or not, whose sum of debtor balances per borrower on December 27, 2013, exceeds R$10,000.00 (ten thousand reais), is authorized, subject to the following conditions:

I - calculation of the debtor balance: for the granting of the rebate for settlement, the value of the operations referred to in the caput shall be calculated by applying an effective interest rate of 1.15% p.a. (one and fifteen hundredths percent per annum), in substitution for contractual financial charges, from the date of the original operation's contracting until the date of the operations' settlement, without the application of contractual compliance bonuses and without the computation of penalties, late fees, other charges for default, or attorney's fees;

II - rebate for settlement: 80% (eighty percent) on the debtor balance updated in the manner of item I, plus a fixed discount of R$2,000.00 (two thousand reais) per borrower, in substitution for all contractual compliance and settlement bonuses;

III - there shall be no refund of amounts to the borrower due to recalculation, application of the rebate, and discount provided for in this article; and

IV - deadline for settlement: December 20, 2026.

Article 2. This Resolution does not cover debts already registered as Active Debt of the Union – DAU.

Article 3. For the purposes of classification under the provisions of Article 1, the debtor balances of rural credit operations contracted with cooperatives, associations, and condominiums of rural producers, including operations carried out in the group or collective modality, shall be calculated:

I - by subsidiary note or individual credit instrument signed by the final beneficiary of the credit;

II - by the result of dividing the debtor balance by the number of borrowers listed in the credit note, in the case of group or collective rural credit; and

III - by the result of dividing the debtor balances by the total number of active cooperative members or associates of the entity on the date of settlement, in the case of an operation that did not involve the transfer of resources to cooperative members or associates.

Article 4. The burden resulting from the settlement referred to in this Resolution shall be borne by the OGU, in operations backed by resources from this source.

Article 5. Financial institutions must send to the Ministry of Agrarian Development and Family Agriculture, by the 30th day of the month following the settlement, information regarding the number of operations and the amount of resources of the settled operations, referring to operations backed by OGU resources.

Article 6. This Resolution enters into force on the date of its publication.

GABRIEL MURICCA GALÍPOLO
President of the Central Bank of Brazil