Clipping of news on Brazilian Culture, Law and Citizenship
18/3/2010
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Institution regulates the use of resources from the blocked account to pay part of the benefits of home ownership
By Cristiane Campos
Rio - Beginning today, workers may resort to the balance of the FGTS (Guarantee Fund for Employees) to pay off, settle and pay up to 80% of the benefits of consortia building. The measure was approved by the Board of Trustees FGTS the end of the year this week and regulated by the Federal Savings Bank, responsible for managing resources. Now, the consortium throughout the country have the same rights of borrowers in the SFH (Housing Finance System).
But the use of money from the fund only applies to those already covered and acquired the property. Workers interested in using the account balance should seek the administrator of his consortium, which will take the necessary steps to release the operation.
The Labor Minister Carlos Lupi said yesterday that the possibility of using the consortia FGTS estate will boost the economy and create more jobs, and make life easier for the worker. The government's expectation is that the facility will stimulate further home ownership.
To access, workers need to engage in any rules. The Fund, the property acquired must be where the syndicated holding the principal occupation or residence for more than a year. Another requirement is that homeowners do not have, nor by SFH financing anywhere in the country, the date of acquisition of the property.
The rules also stipulate that the share of housing and the consortium are in the name of the account holder linked. The property must be residential district and will need to prove that was purchased with funds from the credit card consortium. The assessed value of the property, the date of purchase, must comply with the limit set by the SFH, currently at R$ 500 mil.
System has 65 thousand able to use the fund
65 thousand are covered in the Consortium country that can benefit from the use of the Guarantee Fund for Employees (FGTS), according to the Brazilian Association of Consortium Administrators (ABAC). To be eligible, the worker must prove at least three years of the blocked account.
The fund is already used to move and get the property more quickly. This is because the contemplation only happens randomly or bid. Resources can also be applied to complement the letter of the consortium to purchase the more expensive unit.
The mode does not charge interest, only the correction of annual installments and the value of the letter of credit. Currently, all banks offer online. For Márcio Murad, the APSA, the release of FGTS will make the system even more sought after.
Source: Portal do Jornal O Dia
This article was translated by an automatic translation system, and was therefore not reviewed by people.