# Law No. 7089 of March 23, 1983

> Brazilian law

**Wikidata**: [Q105650084](https://www.wikidata.org/wiki/Q105650084)  
**Source**: https://4ort.xyz/entity/law-no-7089-of-march-23-1983

## Summary
Law No. 7089 of March 23, 1983 is a Brazilian statute that prohibits the charging of interest on overdue debts when the payment due date falls on a holiday, Saturday, or Sunday. It was promulgated by the Presidency of the Federative Republic of Brazil and applies exclusively within Brazil.

## Key Facts
- **Official Title**: Lei nº 7089, de 23 de março de 1983 (Law No. 7089 of March 23, 1983)
- **Publication Date**: 1983-03-23
- **Country of Origin**: Brazil
- **Law Digest**: VEDA A COBRANÇA DE JUROS DE MORA SOBRE TITULO CUJO VENCIMENTO SE DE EM FERIADO, SABADO OU DOMINGO. (Prohibits charging of interest on overdue debts when payment due date is on holiday, Saturday or Sunday)
- **Approved By**: Presidency of the Federative Republic of Brazil
- **Instance Type**: Statute
- **Main Subjects**: Title of honor, prohibition, debt collection
- **LXML Brazil ID**: urn:lex:br:federal:lei:1983-03-23;7089
- **Place of Publication**: Brasília
- **Language**: Brazilian Portuguese
- **Legal Citation**: Lei nº 7089/1983
- **Available at URL**: https://www.planalto.gov.br/ccivil_03/leis/l7089.htm
- **Jurisdiction**: Brazil
- **Wikimedia Project Focus**: WikiProject Brazilian Laws

## FAQs
**What does Law No. 7089 specifically regulate?**
The law specifically prohibits the charging of interest on overdue debts when the payment due date falls on a holiday, Saturday, or Sunday.

**Who approved this law and when?**
The law was approved by the Presidency of the Federative Republic of Brazil on March 23, 1983, during the administration of President João Figueiredo.

**What is the primary purpose of this legislation?**
The primary purpose is to prevent financial institutions from charging interest on overdue payments when the payment due date occurs on non-working days, ensuring fairness in debt collection practices.

**What are the main subjects covered by this law?**
The main subjects include the prohibition of charging interest on overdue debts, debt collection regulations, and the concept of "title of honor" as it relates to legal documents.

**Where can the full text of this law be found?**
The complete text is available at the official government website: https://www.planalto.gov.br/ccivil_03/leis/l7089.htm

## Why It Matters
Law No. 7089 of March 23, 1983 represents an important piece of Brazilian legislation that addresses fairness in debt collection practices. By prohibiting interest charges on overdue payments when the due date falls on non-working days, it helps protect consumers from excessive financial burdens during periods when payment is not feasible due to public holidays or weekends. This law contributes to the broader framework of Brazilian civil law by establishing clear guidelines for financial institutions regarding interest application on overdue debts, thereby promoting economic stability and consumer protection within the Brazilian legal system.

## Notable For
- **Specific Prohibition**: The law is notable for its precise prohibition of interest charges on overdue debts during non-working days, addressing a specific aspect of financial regulation that affects daily economic transactions.
- **Debt Collection Fairness**: It represents a significant step in ensuring fairness in debt collection practices by preventing financial institutions from exploiting consumers during periods when payment is not practically possible.
- **Brazilian Legal Framework**: As a federal statute, it contributes to the comprehensive Brazilian legal system that governs financial transactions and consumer rights.
- **Official Government Publication**: The law is officially published and maintained by the Brazilian government through the Planalto website, ensuring accessibility to the public.
- **Jurisdictional Specificity**: It applies exclusively within Brazil and is part of the country's federal legal framework, demonstrating the country's approach to regulating financial practices.

## Body
### Definition and Legal Classification
Law No. 7089 of March 23, 1983 is formally classified as a statute in the Brazilian legal system. It falls under the category of federal legislation that regulates financial and commercial transactions. The law is designated as Lei nº 7089/1983 and is identified by the LXML Brazil identifier urn:lex:br:federal:lei:1983-03-23;7089.

### Purpose and Content
The primary purpose of this legislation is to prevent the imposition of interest on overdue debts when the payment due date occurs on days that are not considered working days. Specifically, it prohibits charging interest when the due date falls on a holiday, Saturday, or Sunday. The law digest explicitly states: "VEDA A COBRANÇA DE JUROS DE MORA SOBRE TITULO CUJO VENCIMENTO SE DE EM FERIADO, SABADO OU DOMINGO."

### Approval and Publication
The law was approved by the Presidency of the Federative Republic of Brazil on March 23, 1983. The approval was made under the administration of President João Figueiredo, who served as the head of state during this period. The law was published in Brasília, the capital city of Brazil, as is standard for federal legislation.

### Jurisdiction and Application
The law applies exclusively within the jurisdiction of Brazil. It is part of the Brazilian legal framework that governs commercial and financial transactions. The law is written in Brazilian Portuguese, reflecting the official language of the country. The legal citation format is Lei nº 7089/1983, which is the standard citation method for Brazilian federal laws.

### Availability and Access
The full text of the law is publicly available through the official government website of the Planalto, Brazil's presidential office. The URL for accessing the law is https://www.planalto.gov.br/ccivil_03/leis/l7089.htm. This makes the legislation accessible to the public, legal professionals, and researchers.

### Related Concepts and Classification
The law is classified as an instance of a "statute" within the broader legal framework. It falls under the main subjects of "title of honor," "prohibition," and "debt collection." The law is maintained under the WikiProject Brazilian Laws, indicating its significance in the country's legal documentation and educational resources.

### Historical Context
Law No. 7089 was enacted during a period when Brazil was transitioning from military rule to democratic governance. The 1988 Constitution of Brazil had recently been promulgated, establishing the current federal republic structure. This law represents one of the many legislative measures that contribute to the modern Brazilian legal system.

### Technical Specifications
The law is identified by specific technical identifiers including the LXML Brazil ID and is categorized under the legal classification system used by Brazilian libraries and knowledge repositories. It is maintained as part of the official legal documentation system that ensures the preservation and accessibility of Brazilian legislation.

## References

1. [Source](https://www.lexml.gov.br/urn/urn:lex:br:federal:lei:1983-03-23;7089)
2. [Source](https://legislacao.presidencia.gov.br/atos?tipo=LEI&numero=7089&ano=1983&data=23/03/1983&ato=f74ATW610dBpWTef5)
3. LexML Brasil