LEI Nº 11.649, DE 4 DE ABRIL DE 2008. | LEI Nº 11.649, DE 4 DE ABRIL DE 2008. — Brazil law | Esheria

LEI Nº 11.649, DE 4 DE ABRIL DE 2008.

This law takes effect on the date it is published, and its effects begin 60 days later.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction
Brazil
Instrument
Act or statute
Citation
LEI Nº 11.649, DE 4 DE ABRIL DE 2008.
Version
Undated source snapshot
Language
pt
Official source
View official record ↗
contract completion title transfer vehicle leasing

Statute overview

About this statute

This law takes effect on the date it is published, and its effects begin 60 days later. If Article 1 is breached, the infringing party, leasing company, or lessee must pay a fine equal to 2% of the sale value of the asset. After certain payments and proof documents are delivered, the leasing company must send the vehicle transfer document and related discharge documents to the lessee within 30 business days.