Regulatory Alerts2014-08-29 | SGDB N° 037/2014Added · Updated
SGDB N° 037/2014: Social Housing Credit Interest Rates and Exchange Rate System Version 4.32
The Central Bank of Bolivia requires financial entities to correct reporting errors regarding social housing credit interest rates, specifically mandating that the commercial value for construction loans includes the appraisal value plus the construction budget per Supreme Decree No. 1842, and that the UFV quotation used for conversion corresponds to the date the rate is agreed with the client rather than the disbursement date. To enforce these standards, the Bank will release version 4.32 of the Social Housing Credit Interest Rates and Exchange Rate System on September 5, 2014, which includes validators to flag rates exceeding the maximum limits established in Supreme Decree No. 1842. This new version becomes effective on September 9, 2014, for reporting information dated September 8, 2014.