The following table summarize legal rights of borrowers and lenders, and the availability and legal framework of credit registries in Brazil.
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View all indicator data and topic details for this economy.| Getting Credit Indicators | Indicator | ||
|---|---|---|---|
| Depth of credit information index (0-6) | Private credit bureau | Public credit registry | 5 |
| Are data on both firms and individuals distributed? | Yes | Yes | 1 |
| Are both positive and negative data distributed? | No | Yes | 1 |
| Does the registry distribute credit information from retailers, trade creditors or utility companies as well as financial institutions? | Yes | No | 1 |
| Are more than 2 years of historical credit information distributed? | No | No | 0 |
| Is data on all loans below 1% of income per capita distributed? | Yes | No | 1 |
| Is it guaranteed by law that borrowers can inspect their data in the largest credit registry? | Yes | Yes | 1 |
| Coverage | 59.2 | 23.7 | |
| Number of individuals | 78,128,600 | 30,131,700 | |
| Number of firms | 4,461,320 | 2,942,060 | |
| Strength of legal rights index (0-10) | 3 | ||
| Can any business use movable assets as collateral while keeping possession of the assets; and any financial institution accept such assets as collateral ? | Yes | ||
| Does the law allow businesses to grant a non possessory security right in a single category of revolving movable assets, without requiring a specific description of the secured assets ? | No | ||
| Does the law allow businesses to grant a non possessory security right in substantially all of its assets, without requiring a specific description of the secured assets ? | No | ||
| May a security right extend to future or after-acquired assets, and may it extend automatically to the products, proceeds or replacements of the original assets ? | No | ||
| Is a general description of debts and obligations permitted in collateral agreements, so that all types of obligations and debts can be secured by stating a maximum amount rather than a specific amount between the parties ? | Yes | ||
| Is a collateral registry in operation, that is unified geographically and by asset type, as well as indexed by the grantor's name of a security right ? | No | ||
| Do secured creditors have absolute priority to their collateral outside bankruptcy procedures? | No | ||
| Do secured creditors have absolute priority to their collateral in bankruptcy procedures? | No | ||
| During reorganization, are secured creditors' claims exempt from an automatic stay on enforcement? | No | ||
| Does the law authorize parties to agree on out of court enforcement? | Yes | ||