Guatemala: Law of Real Estate Guarantees comes into effect

The Property Registry will be in charge of temporarily recording the real estate guaranties.

Wednesday, September 17, 2008

This resolution, contained in decree 46-2008 and which has been in effect since January of this years, will allow an individual to offer his work tools, harvest, sales and productions, etc as a guarantee to obtain credit. The transaction will be recorded in a registry in order to legalize it.
Even though will be of great benefit to the banking system, it also opens the door so that cooperatives, lenders or other companies can participate.

More on this topic

Honduras: Personal Guarantee Law

July 2010

The new law will allow lenders to accept personal property as a guarantee for loans.

The head of the Honduran Association of Banking Institutions (AHIBA), María Lidia Solano, told that, "movable guarantees are an instrument that can be used to give small and medium sized producers access to credit".

Honduras: Movables Guarantees Law

September 2009

A law project will enable creditors to accept movables as collateral for loans.

Juan José Lagos, micro-credit expert, explained that machinery, work accessories, accounts receivable and intellectual property could be used as collateral when soliciting credit.

Lagos also said: "The law will ease the guarantee problem for people, as currently creditors only accept real estate, like houses and lots, as collateral".

Guarantee Registry already operating in Guatemala

January 2009

The Property Guarantee Registry (RGM) received its first registration for $10 million on Monday.

According to "Erasmo Velasquez, vice minister of Economy, confirmed that the Nuevos Almacenes S.A. company, which runs the Cemaco stores, registered a guarantee for its warehouse stock, in order to request a loan from a bank abroad."

Real and Personal Guarantee Registry in Guatemala

December 2008

The Ministry of the Economy will be in charge of the Registry (RGM) which will start to function on January 2.

According to, "micro, medium and small business will be able to access credit and property at the registry as a guarantee for banks and other financial entities, such as agricultural equipment, harvest, merchandise inventory, certificates, computers, and other property.

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