Financed Real Estate in Brazil Can Now Be Used As Collateral Security for New Loan

The Central Bank (BC) says that, while respecting the full value of the property, the same property can serve as collateral for more than one credit operation with a lender, which should reduce interest for the borrower.

RIO DE JANEIRO, BRAZIL - The National Monetary Council (CMN) has enacted an interim measure that enables already financed real property to be used as collateral for a new loan with the same bank as the original financing. This is another measure to help increase the release of loans by banks amid the

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