Congress debates reform to reactivate credit.

Internet Securities, May, 2002

MEXICO CITY, May 23, 2002

The executive branch has sent the Permanent Commission of Congress an initiative to reactivate credit through legal reforms and the streamlining of lawsuits to collect on collateral. The reforms would facilitate the establishment of individualized terms and conditions in credit and responds to requests from bankers made during their recent convention. The reform, which would affect six pieces of legislation and the commerce code, would increase the terms of trusts from 30 to 50 years and proposes the incorporation of brokerages as companies allowed to act as trusts in certain cases.

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