Regulatory Alerts2024-09-30 | DOF 5739934Added
Resolution modifying the General Provisions applicable to credit institutions
The National Banking and Securities Commission permanently incorporates into Annex 4 of the General Provisions a regulatory facilitation originally issued on March 13, 2023, which simplifies credit origination documentation for small businesses. This resolution modifies the documentation requirements for commercial credits with balances under four million Investment Units (UDIs) by establishing three tiers based on loan size: up to 425,000 UDIs, between 425,000 and 2 million UDIs, and between 2 million and 4 million UDIs. Existing credits granted under the previous temporary facilitation remain subject to those rules until restructuring or renewal occurs.
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