Transfer of Property
The Popular Savings Bank, in representation of the State and attending to the functions that are granted to it by the General Law of the Housing, transfers the properties of the state houses, in the pertinent cases, by means of an installment sale contract, in which the buyer becomes a debtor of the State for the amount of the legal price of the house, payable in fixed monthly payments, this also includes the collection of the debts for the price of the houses to the beneficiaries of this Law.
Management Check for Purchase or Compensation in Home Exchange Contracts
By virtue of Decree Law 288 of October 28, 2011, which establishes the Purchase and Sale Act or the Compensation in Home Swap Contracts and the implementation of Resolution 85/2011 of the BCC, the Bank regulates the issuance of management checks in CUP to natural persons for this purpose. The procedure established by the Bank makes it easier for interested persons to request a cashier's check at any bank branch.
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