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Five steps to be taken before entering into a consortium

17/05/2013

This article was translated by an automatic translation system, and was therefore not reviewed by people.



 


Interested in joining this type of contract, alert the Ministry of Justice, should be aware of possible offers as a guarantee of immediate contemplation, which does not exist
 
The procurement system by consortium attracts consumers by presenting advantages, such as simplifying the hiring and lower cost compared to finance and leasing. However, as with any purchase, the consumer must be aware of the characteristics and risks involved in this kind of engagement. This is the theme of the 6th Newsletter "Finance and Consumption," released this week by the Justice Ministry and the Central Bank to extend consumer protection.
 
Those interested in joining this type of contract, warns the report, should be aware of possible deals with guaranteed immediate contemplation or shorter time than the duration of the group, since the lottery has no predetermined winner and, if the shareholder present a bid, it can be overcome by another greater. The document also points out that, if membership is made outside of the establishment, the consumer has the right of cancellation within seven days from the signing of the contract.
 
Check out the full list of precautions to be taken.
 
1 - License to offer the consortium

To work in the industry consortium, the administrator must be authorized by the Central Bank. Consumers should avoid unauthorized companies to minimize the risk of problems. Accessing the link http://www.bcb.gov.br/?CONSORCIO is possible to obtain information regarding the consortium administrators authorized ranking of consortium managers with the highest number of complaints and additional questions.
 
2 - Contemplation immediate

The applicant should be aware of possible offers of shares to guarantee immediate contemplation, once the draw has no predetermined winner.
If the immediate need of the good or service, the consumer should consider other forms of purchase.
 
3 - Contract of adhesion

Another precaution to be taken is carefully reading the contract of adhesion
to meet the conditions of operation of the consortium and rights
and duties of the contracting parties. It is right secured by the Consumer Defense Code (CDC) the contractor taking prior knowledge of the content of the document, which should be written in clear and objective language.
 
If the group membership of the consortium has been held outside the property, the consumer may still exercise the right of cancellation within seven days from the signing of the
contract, communicating the withdrawal to the administrator no cost, no need to state a reason or meet any condition.
 
4 - General meetings

It is important that the consortium participate in the general meetings to monitor financial transactions and the contemplations of the group, which may be conferred by the document itself compulsorily supplied by the administrator.
After the final assembly, if any balance on the common fund and the reserve fund, the consortium members have the right to return these values through proration as provided in the contract. The consortium must keep updated your address, telephone and deposit accounts, including receiving the remaining values.
 
5 - Supervision of the Central Bank

The manager of the consortium is subject to the supervision of the Central Bank, chaired by Alexandre Tombini (pictured), and in case of failure of current law, may be considered aspects of the case, be subjected to administrative process, with possible application of penalties,
which may also fall on the directors of the entity.


Source: The Globe - Online

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This article was translated by an automatic translation system, and was therefore not reviewed by people.

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