The Senate and Chamber of Deputies of the Argentine Nation assembled in Congress, etc. sanction with force of Law:ARTICLE 1 Replace the texts of articles 26, 35, 36, 37 and 48 of Law 22,919 as follows:
Article 26: Provide the institute with the provision of first-degree mortgages for the house in favour of the military personnel of the Armed Forces and the personnel of the National Gendarmerie with the military status of the gendarmerie, who are active or in retirement and their pensioners.
Article 35: The initial monthly service of the receivables may not exceed forty per cent (40%) of the salary and other concepts that correspond to the determination of the withdrawal in accordance with the provisions of the applicable regulations, or the retirement or pension of the borrower at the time of the conclusion of the receivable.
In its periodic update the monthly debt service will not exceed the percentage of having initially committed by the borrower, adopting as a control average military wage indexes contracted in order to achieve the automation of this rule.
Article 36: The borrower, even if his monthly activity, retirement or pension has been reduced or ceased entirely in his or her enjoyment, may continue the existing credit provided that he or she strictly and in full abides by his or her obligations, in the form and time established by the institute.
Article 37: The monthly services of credits including amortization, interests, insurance and administrative charges shall be discounted from the assets of the borrower through the respective administrative services of the Armed Forces and the National Gendarmerie, in the cases of personnel in operation. In the case of retired staff and pensioners, the discount shall be made with the intervention of the National Institute or Gendarmerie, as appropriate, and must be paid in the manner available to the Institute in cases where the discount is technically not possible.
The debt service established in this article shall enjoy the privilege of payment by the institute, for which purpose it shall have priority over any other charge or discount for the retention of the assets of the borrower.
Article 48: Please refer to the institute to grant in favour of the military personnel of the Armed Forces and the personnel of the National Gendarmerie with the military status of gendarmes, who are in activity or in retirement and their pensioners, within the limits and conditions that are regulated, personal or pre-emptive credits without special assignment in all their modalities.
The requirements of article 37 of this law shall apply to the service of debt.ARTICLE 2 Contact the Executive.
IN THE SESSION OF THE ARGENTINE CONGRESS, IN GOOD AIRES, TO THE VEINTICINCO DIAS OF THE MONTH OF THE YEAR DOS MIL DOS. . REGISTRED BAJO N° 25.659 . EDUARDO O. CHANGE. . MARCELO E. LOPEZ ARIAS. . Eduardo D. Rollano. . Juan J. Canals.