Payment Facilities
Facilities of payment for credits (Facilidad de pago de créditos)
Date announced
3/25/2020
Start date
3/25/2020
End date
1/31/2021
Date of last update
4/20/2022
Description
During the contingency, the partial or total payment of capital and/or interests may be deferred for up to 4 months, with the possibility of extending it to 2 additional months, with respect to the entire amount due including extra costs. Balances may be frozen without interest charge. The loan must be current as of February 28, 2020. In September 2020, the loan restructuring was established. In September 2020, credit restructuring was established so that debtors affected by the pandemic can reduce their monthly payments with the bank by at least 25% and extend the debt settlement term by 50%.
Official Sources
SHCP (10-14-20). 'Comunicado de prensa'. [https://www.cnbv.gob.mx/PRENSA/Prensa%20%20Otros/Comunicado%20de%20Prensa%20066%20Nuevas%20facilidades%20regulatorias.pdf].
SHCP (09-23-20). 'Comunicado No. 076 Secretaría de Hacienda, a través de CNBV, presenta nuevo paquete de medidas para reestructuración de créditos'. [https://www.gob.mx/shcp/prensa/comunicado-no-076-secretaria-de-hacienda-a-traves-de-cnbv-presenta-nuevo-paquete-de-medidas-para-reestructuracion-de-creditos].
SHCP (03-25-20). 'CNBV informa de las medidas contables especiales, aplicables a instituciones de crédito, frente a la contingencia derivada del Covid19'. [https://www.gob.mx/cms/uploads/attachment/file/543439/Comunicado_CNBV.pdf].
Characteristics of the measure
Type of measure
Payment facilities (6)
Sphere
Containment of user spending (7)
Target population
People with financial obligations (3)
Delivery method
Cash or in-kind
Place of delivery
Home delivery
Responsible Institution
Secretariat of Finance and Public Credit (Secretaría de Hacienda y Crédito Público (SHCP)