Regulatory Alerts2019-11-25 | DOF 5579709Added
Resolution modifying the general provisions applicable to credit institutions
The resolution amends Article 325, fraction III of the general provisions applicable to credit institutions to permit these institutions to enter into commercial commission contracts with private assistance institutions and societies or associations granting pawn loan guarantees that belong to the same consortium or business group as the credit institution. Previously, such entities were excluded from these contracts unless they were part of the same group, in which case specific rules applied. The definition of consortium and business group is aligned with Articles 22 Bis, fractions I and V of the Credit Institutions Law. This resolution entered into force the day following its publication in the Official Gazette of the Federation on November 25, 2019.
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