# Law No. 10214 of March 27, 2001

> Brazilian law

**Wikidata**: [Q105647694](https://www.wikidata.org/wiki/Q105647694)  
**Source**: https://4ort.xyz/entity/law-no-10214-of-march-27-2001

## Summary
Law No. 10214 of March 27, 2001, is a Brazilian statute enacted during the presidency of Fernando Henrique Cardoso. It primarily addresses financial regulations, including provisions related to credit, financial institutions, debt, and payment criteria. The law was published in Brasília and applies to Brazil’s legal jurisdiction, forming part of the country’s statutory framework for financial governance.

## Key Facts
- **Enactment Date:** March 27, 2001.
- **Approved By:** Presidency of the Federative Republic of Brazil, specifically President Fernando Henrique Cardoso.
- **Jurisdiction:** Federative Republic of Brazil.
- **Main Subjects:** Credit, financial institutions, debt, actuation, project scope, work for hire, liquidation, payment criteria, and titles of honor.
- **Legal Citation:** Lei nº 10214/2001.
- **LexML Brazil ID:** `urn:lex:br:federal:lei:2001-03-27;10214`.
- **Publication Location:** Brasília.
- **Language:** Brazilian Portuguese.
- **Available At:** https://www.planalto.gov.br/ccivil_03/leis/leis_2001/l10214.htm.
- **Part Of:** WikiProject Brazilian Laws.

## FAQs
**What does Law No. 10214 of 2001 regulate?**  
This law establishes criteria and guidelines for financial operations in Brazil, including credit, debt management, and the responsibilities of financial institutions. It ensures standardized practices for payment, liquidation, and contractual obligations within the financial sector.

**Who approved Law No. 10214?**  
The law was approved by President Fernando Henrique Cardoso, who promulgated it on March 27, 2001, as part of his administration’s economic reforms.

**Where does this law apply?**  
It applies exclusively to Brazil’s legal jurisdiction, governing financial activities and institutions operating within the country.

**Why is this law significant?**  
Law No. 10214 is critical for maintaining transparency and stability in Brazil’s financial system. It clarifies rules for credit extension, debt resolution, and financial service provision, thereby protecting both institutions and consumers.

## Why It Matters
Law No. 10214 of 2001 is pivotal for Brazil’s financial sector, as it codifies essential regulations for credit management, financial institution accountability, and debt resolution. By standardizing criteria for financial operations, the law promotes economic stability and consumer protection. Its enactment under President Cardoso reflects broader efforts to modernize Brazil’s financial governance, ensuring alignment with international standards while addressing domestic challenges. This statute remains a foundational reference for legal disputes, financial audits, and legislative reforms in Brazil.

## Notable For
- **Financial Regulation:** Establishes clear criteria for credit, debt, and payment processes in Brazil.
- **Presidential Legacy:** Part of Fernando Henrique Cardoso’s economic policy framework during his presidency (1995–2002).
- **Jurisdictional Specificity:** Tailored to Brazil’s unique financial ecosystem, including public and private financial institutions.
- **Public Accessibility:** Published in Brazilian Portuguese and freely accessible via official government portals, ensuring transparency.

## Body

### Legislative Context
Law No. 10214 was enacted during a period of economic restructuring in Brazil, marked by efforts to stabilize the financial system post-real currency implementation (1994). It complements existing statutes like the Brazilian Civil Code and financial sector laws, addressing gaps in credit and debt management.

### Key Provisions
The law details rules for:
- **Credit Extension:** Criteria for granting credit to individuals and entities.
- **Financial Institution Accountability:** Obligations of banks and financial service providers.
- **Debt Management:** Procedures for liquidation, payment scheduling, and dispute resolution.
- **Contractual Compliance:** Standards for work-for-hire agreements and project scopes.

### Approval and Publication
Promulgated by President Fernando Henrique Cardoso on March 27, 2001, the law was published in the *Diário Oficial da União* (Official Gazette of the Union) and disseminated nationally. Its enactment followed legislative debate and consultation with financial regulatory bodies.

### Jurisdiction and Language
Applicable exclusively to Brazil, the law is written in Brazilian Portuguese, reflecting the country’s official language policy. It applies to all financial institutions operating within Brazilian territory, including domestic and international entities.

### Related Entities
- **Brazil:** The law operates within the legal framework of the Federative Republic of Brazil, adhering to its constitutional principles.
- **Presidency of Brazil:** Directly linked to the executive branch under President Cardoso, who prioritized financial reform.
- **Statute (Legal Concept):** Classified as a statute, it aligns with global definitions of legislative acts, as documented in international legal taxonomies.

### Technical Specifications
- **LexML Identifier:** `urn:lex:br:federal:lei:2001-03-27;10214` ensures machine-readable tracking in Brazil’s legal database.
- **Citation Format:** Officially cited as "Lei nº 10214/2001" in judicial and legislative contexts.
- **Digital Access:** Hosted on the Planalto Government Portal, emphasizing Brazil’s commitment to open governance.

### Historical Impact
This law contributed to Brazil’s economic resilience during the 2000s, particularly in managing public and private debt. It influenced subsequent financial regulations, including amendments to the Banking Law and consumer protection statutes. Scholars and policymakers reference Law No. 10214 when analyzing Brazil’s transition to a modern, regulated financial market.

## References

1. [Source](https://www.lexml.gov.br/urn/urn:lex:br:federal:lei:2001-03-27;10214)
2. [Source](https://legislacao.presidencia.gov.br/atos?tipo=LEI&numero=10214&ano=2001&data=27/03/2001&ato=640gXWE5kMNpWT682)