Regulatory Alerts2016-09-19 | DOF 5452914Added
Resolution modifying the General Provisions applicable to credit institutions
The resolution amends Articles 41, 51, 307, 310, 313, and 315, and introduces Articles 307 Bis and 315 Bis to establish rules for electronic consumer credit contracts and payment order disbursement via ATMs. It mandates specific authentication factors, limits ATM withdrawal amounts for payment orders to Medium-Value Monetary Operations, and sets a 45-day validity period for such orders. Credit institutions must adjust their credit file documentation requirements per Annex 2 and have eighteen months to comply with the revised Article 310 authentication standards.