Promote Real Estate Guaranty Law in Nicaragua

The Chamber of Commerce is promoting the approval by Parliament of the Real Estate Guaranty Law.

Wednesday, November 12, 2008

This law will make it possible for businessmen to guarantee their payment obligations using real estate and rights, including those not accepted under the current law. They can also obtain financing more easily and under better conditions. This solves the problem of lack of access to loans for those without property, which limits their financing sources.

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 Latribuna.hn 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".

Promotion for Collateral Property Act

April 2009

The Chamber of Commerce is promoting an initiative that it hopes to present to the Assembly and have it approved before the end of the year.

The law would provide access to financing by offering property and rights as payment guarantees.

Elnuevodiario.com.ni published: "The bill also seeks to strengthen trade links between SMEs and the business and micro finance sector."

Guatemala: Law of Real Estate Guarantees comes into effect

September 2008

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

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.

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