New Special Guarantee Fund is created
February 15, 2023 · 1 min read
On February 13, 2023, Law 21,543 was published in the Official Gazette, creating a Special Guarantee Fund, which is structured as a legal entity under public law, of indefinite duration, administered by Banco del Estado de Chile and supervised by the Financial Market Commission, whose purpose is to guarantee loans and other financing mechanisms for specific programs to be created by law. In the transitory articles, the first two guarantee programs are created to support the real estate market.
The Real Estate team of Barros & Errázuriz developed a report analyzing the main points of the new law and its programs, which you can read in detail here.
