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: 
Document Topic: 
Doument Author (Entity): 
Authoring Country: 
Originating Country or Trade Block: 
Issue Status: 
Year of Document: 
2013
Date of Document: 
Friday, July 19, 2013
Document Authors: 
Financial System Supervision Authority of Bolivia
Language (This Document): 
Spanish

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