CMF sanctions five banks, two insurance companies, and one savings and credit cooperative for infringing the Law on Family Abandonment and Alimony Payments
May 9, 2024 - The Board of the Financial Market Commission (CMF) sanctioned five banks, two insurance companies, and one savings and credit cooperative totaling with fines totaling UF 2,077 due to granting loans to applicants enrolled in the National Registry of Alimony Payment Debtors (RNDPA, for its Spanish acronym) while not complying with Law No. 14,908 on Family Abandonment and Alimony Payments.
Law No. 14,908 states banks must consult the RNDPA when granting loans and withhold up to 50 percent of the money in case applicants appear in the Registry as debtors to settle pending alimonies. The sanctioned financial institutions did not fulfill this obligation.
Sanctions applied by the Commission are as follows:
- Banco Santander-Chile: UF 756.06 (Resolution No. 4,042).
- Banco Ripley: UF 138.54 (Resolution No. 4,038).
- Banco del Estado de Chile: UF 239.50 (Resolution No. 4,044).
- Banco Itaú Chile: UF 636.16 (Resolution No. 4,043).
- Banco de Chile: UF 111.48 (Resolution No. 4,046).
- Compañía de Seguros Confuturo S.A.: UF 54.20 (Resolution No. 4,041).
- Bice Vida Compañía de Seguros S.A.: UF 33.98 (Resolution No. 4,045).
- Cooperativa de Ahorro y Crédito Oriente Limitada.: UF 106.72 (Resolution No. 4,039).