Notice to Financial Institutions Authorizing a Debtor Moratorium
Summary: BRH notice of August 6, 2021 authorizing banks, development finance companies and leasing companies to grant a moratorium from August 1, 2021 to January 31, 2022 on loans classified Current or Watch at June 30, 2021, with interest-only payments.
Key Findings
- Eligible loans are those classified Current or Watch at June 30, 2021.
- The moratorium runs from August 1, 2021 to January 31, 2022 and requires only interest payments.
- A new amortization schedule must be sent to the BRH for each loan under the BRH incentive programs that benefits from the moratorium.
- Credit card debtors are excluded.
Full Description
The BRH authorizes banks, development finance companies and leasing companies to give debtors who ask for it a moratorium running from August 1, 2021 to January 31, 2022. It covers loans classified Current or Watch (À signaler) at June 30, 2021. During the moratorium only interest on the debt is required from beneficiary clients. For each loan granted under the BRH's incentive programs and covered by the moratorium, the institution must submit a new amortization schedule to the BRH. Credit card debtors are not covered.
How to cite
Bank of the Republic of Haiti (BRH), 2021, Notice to Financial Institutions Authorizing a Debtor Moratorium, https://www.brh.ht/wp-content/uploads/Avis-moratoire-aux-debiteurs-du-systeme-aout-2021.pdf
- Rights holder
- Banque de la République d'Haïti (BRH)