The National Monetary Council (CMN) recently published Resolution No. 5,197/2024, which will come into force on July 1, 2025. The resolution establishes more detailed criteria for the evaluation, classification, and management of collateral accepted in credit operations entered into with financial institutions. This measure reinforces the changes introduced by the new Legal Framework for Collateral (Law No. 14,711/2023), aiming to make credit granting processes faster, safer, and more transparent for companies and individuals.
Among the main innovations introduced by the new resolution are: the possibility of using the same property as collateral for multiple operations, provided that established credit limits are respected, thereby increasing the availability of resources for individuals and companies; the requirement for periodic updates of the value of the collateral offered; the implementation of stricter internal controls for the monitoring of these assets; and the requirement to submit additional documentation proving the existence, ownership, and liquidity of the pledged assets. The resolution also sets forth guidelines for financial institutions to adopt clear policies on the acceptance of collateral and to strengthen their internal governance in order to mitigate risks related to asset devaluation or difficulties in enforcing claims.