Contracts renegotiated under the new PARI - Default Risk Action Plan (Decree-Law no. 80-A/2022, of November 25) do not entail any specific registration in the Central Credit Register (CRC) that would allow banks to identify them.
More specifically, loan renegotiations are identified in the CRC with one of the following characteristics:
- Renegotiation due to default - when a renegotiation of a contract was motivated by the non-payment of the loan;
- Regular renegotiation - when a change in the initial contractual conditions took place without the debtor being in default;
A contract renegotiated under the new PARI regime will be characterized as a "regular renegotiation", not to be distinguished from other loan contracts renegotiated for reasons unrelated to financial difficulties, such as contractual improvements due to greater bargaining power of the client.