The Bank of Chile Is Sanctioned for “Not Fulfilling Its Obligations” in Providing Loans to Maintenance Debtors - La Tercera

The Commission for the Financial Market (CMF) imposed a fine of UF 617.98 (about $24,212,054.71) on Banco de Chile for granting loans to persons listed in the National Register of Food Pension Debtors (RNDPA). The decision was adopted by the Council of the CMF. In detail, the sanction was for “repeated non-compliance with the obligations provided for in the first and second subparagraphs of article 28 of Act No. 14,908 on the abandonment of the …

The bank granted seven consumer loans - in excess of 50 UF - to persons registered with the National Register of Food Pension Debtors.

The CMF sanctioned the bank for failing to comply with Act No. 14908 by providing loans to maintenance debtors.

The Commission for the Financial Market (CMF) reported that its council applied a fine of UF 617.98 to Banco de Chile, for granting loans to persons listed in the National Register of Food Pension Debtors (RNDPA). In the cases considered in CMF Resolution No. 4949, the bank did not comply with the obligation of timely consultation with the RNDPA, retention and payment, established in Law No. 14.908 on the Abandonment of Family and Payment of Foo…

The Commission for the Financial Market (CMF) reported that its council applied a fine of UF 617.98 to Banco de Chile, for granting loans to persons listed in the National Register of Food Pension Debtors (RNDPA).In the cases considered in CMF Resolution No 4949, the bank failed to comply [...] The CMF ticket fined the Bank of Chile for credit to maintenance debtor was first published in Desenfoque.cl.