Regulatory Alerts2017-06-26 | DOF 5488020Added
Resolution modifying the General Provisions applicable to credit institutions
The resolution amends the General Provisions applicable to credit institutions to allow a 90% factor for the Loss Severity parameter when recognizing registered movable guarantees, provided the credit has no more than twelve past-due installments. It also permits credit institutions to adjust the Loss Severity for agricultural credits secured by price coverage options, subject to specific contractual and market conditions, and establishes a procedure for recognizing combined coverage when agricultural insurance is also present. Additionally, the resolution extends the deadline for credit institutions to fully provision for non-revolving consumer, housing mortgage, and microcredit portfolios to twelve months from June 1, 2017, and mandates specific financial statement disclosures for the 2017 and 2018 fiscal years.