Congress approves refinancing of old housing contracts
This article was translated by an automatic translation system, and was therefore not reviewed by people.
The House of Representatives approved this Tuesday (31) the refinancing of contracts that borrowers of housing loans contracted by the former regime of the Fund for Compensation for Salary Changes (FCVS). The measure may benefit by 400 thousand borrowers who accumulate outstanding balance of properties financed by the Caixa. The project is now to sanction of the President Luiz Inácio Lula da Silva.
The rules of contracts in the 80's, the borrowers had 25 years to pay the debt, the value of the limited to 30% of income. If the end of the contract was a balance due, the FCVS Quitéria outstanding value and the buyer of the property would be debt.
However, over the years FCVS lost the ability to assume the entire amount of balance due on account of inflation rates of the time. In the early 90s, the then President Fernando Collor de Mello extinguished the mechanism, forcing borrowers to pay the balance due. With debit balances are often larger than the main financing, borrowers began to challenge the extra payment in court.
Was to address the issue that members agreed Tuesday that the amendment to the Provisional Measure 445, which provides for the refinancing of debt judicially challenged. If the MP is sanctioned by President Luiz Inácio Lula da Silva, borrowers with contracts by the regime of FCVS will have 12 months to find the box and ask the refinancing of contracts under new conditions.
"I believe we now have legal instrument that will allow a solution to thousands of lawsuits that are going on for years in the country, as far as the debit balance of contracts for housing finance have been adjusted by an index and a value of benefits by the other index which caused a large distortion, "said the rapporteur of the matter, Mr Paulo Pimenta (PT-RS).
According to him, more than 400 thousand contracts being challenged in court, because the borrowers do not accept to pay the debit balances with the Caixa Econômica Federal that should have been quitos by FCVS.
The new rule provides that the amount paid by the borrower will be updated for monetary adjustment approved the text does not cite which index should be used, and will make an investigation of how to market the property is worth today, without considering possible improvements made by the borrower. The sum of these values will be slaughtered debit the borrower has with the box and was not extinguished by the Due FCVS.
If the end of this meeting there is an account balance to pay for the bank, the borrower can finance this debt by up to 15 years. To access the proposed refinancing by the parliament, the borrower and the box will have to drop the lawsuits involving the contract.
Dividends
Provisional Measure 445 will also enable the Savings suspend the transfer of parts of their dividends to the Union for the next two years. With these resources, the bank would have more capacity to pay, according to the justification of government.
Source: G1
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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