Regulatory Alerts2025-04-04
Added · Updated
Resolution D-88-2025: Modifications to Insurance Premiums Excludable from Implicit Interest Rate Calculation - Debtor Balance Insurance
The Board of the Central Bank of Uruguay reduces the cap on debtor balance insurance premiums excludable from the implicit interest rate calculation from 6 per mille to 2.5 per mille, effective January 1, 2026. Financial institutions are required to provide enhanced pre-contractual information regarding these insurance products and publish claim procedures on their websites. The resolution also updates disclosure requirements for credit card statements and client cartillas to ensure transparency of all associated costs.