Clipping of news on Brazilian Culture, Law and Citizenship
04/26/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Rio - Even with the enactment of Law 12,703, in August last year, which facilitated the portability of the debt of the property to the bank again to reduce costs notary, borrowers are struggling to do the operation, provided for by law. Waiting for regulations, banks "catch" or start the process or operation.
It happened with the systems analyst Vinicius Bragança, 36. Find the most attractive rates in gold bank would reduce its total debt of R$ 40,000 and the monthly installments of the property of R$ 1500 to R$ 1200, he received the reply that the bank does portability "for now" to the bank credit generator because "it fails to complete the process."
"I'm in the third year of funding and has got me further three years in the period. I think I have the right to bear the debt, "he says.
The rule, announced in conjunction with the new law on savings, allows annotation is sufficient to change the mortgage or mortgage on the property, which cheapens the operation to dispense new record of the property and other costs notary.
According to the specialist mortgage, Marcelo Silver, the law is complemented by Bill Conversion 4/2013, approved by the Senate on April 18 and sent to the penalty. The goal is to prevent anti-competitive practices.
The project requires the lender to issue a document certifying the validity of the transfer. The new lender debt to the original creditor must send the offer presented to the borrower, such as interest rate, cost effective total term value of benefits and payment system used. In five days, the borrower may withdraw the offer to accept the transfer of the original creditor.
Problems are recognized
Financial institutions, through the Brazilian Association of Savings and Loan (Abecip), admit that there are obstacles in the operations. In a statement, the association states that "the characteristics of the mortgage operations make portability more complex than in other types of credit."
While the new rules are not approved, the economist at the Brazilian Institute for Consumer Defense (IDEC), Ione Amorim, says that the borrower may have to pay all costs of notary portability. The output is that borrowers try to renegotiate interest financing with bank credit generator, before opting for portability.
To Renata Reis, area supervisor of financial affairs and housing Procon-SP, even without the regulation of the law, the negative can qualify as abuse.
Reporting by Marilia Almeida, iG Sao Paulo
Source: The Day - Online
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This article was translated by an automatic translation system, and was therefore not reviewed by people.