Circular No. 189 Amending the Regulation of Duly Guaranteed Consumer Operations

This circular establishes internal control systems and credit operation restrictions when using Duly Guaranteed Consumer Credit (DGCC) as collateral  for loans or other types of debt. Duly guaranteed consumer credit is defined as "any type of credit awarded through mortgages or loans whose market value covers the total amount of outstanding credit and accruing interests. If an asset is determined to be a DGCC, debtors can viably use it to collateralize a line of credit.

 

Document Details

Title (Non-English): 
Circular No. 189, Modificacion al Reglamento de Operaciones de Consumo Debidamente Garantizadas
Document Type: 
Circular
Document Topic: 
Credit Regulation
Doument Author (Entity): 
Financial Services Regulator
Authoring Country: 
Bolivia
Originating Country or Trade Block: 
Bolivia
Issue Status: 
In Force
Keywords: 
Credit
Credit Regulator
Credit Limits
Deposit Guarantee
Deposits
Consumer Protection
Source URL: 
http://servdmzw.asfi.gob.bo/circular/circulares/ASFI_189.pdf
Year of Document: 
2013
Date of Document: 
Friday, July 19, 2013
Document Authors: 
Financial System Supervision Authority of Bolivia
Language (This Document): 
Spanish
Files: 
PDF icon Amendments to the Regulation of Duly Guaranteed Consumer Operations

Legal Disclaimer: The content appearing on this site is for general information purposes only and made available on an "AS-IS" basis. The law is subject to change and no representation or warranty is made with regard to accuracy or fitness for a particular purpose.

© Columbia University, CITI 2016. All Rights Reserved.