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CREDIT FACILITIES
What is an Extrajudicial Transaction?
The company offers the acknowledgement of obligations and payment through an "Extrajudicial Transaction" to its
clients in order to normalize the situation. The client is then committed to pay the debt generated by his/her
consumption. This transaction does not refinance the debt, therefore interests and delays supported by law are
applicable.
What are the requirements to be eligible for Credit facilities (Extrajudicial Transaction?
The requirements are:
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Should you be the owner of the premise, the name and address that appears in Luz del Sur’s system must coincide with
that in your identity card. If you have purchased the premise and your name is not registered in our system, you
must submit the Sales Contract (original and copy), a Certificate of Award or a Title Deed.
Should you be a legal entity, a person must be authorized by a power of attorney supported by the copy of the
Board Assembly’s minutes by virtue of which the power was granted. This copy should be duly recorded at the Registry
of Legal Entities of Lima.
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If you are a tenant or relative, you must enclose the following documents:
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Special Power of Attorney with legalized signature,
if the debt does not exceed half UIT (Tax Unit).
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Non registered power of attorney which format is furnished by a notary public, if the debt does not exceed 3
UIT.
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Power of attorney supported by a notarized document duly registered if the debt exceeds 3 UIT.
(UIT = Tax Unit, equivalent to S/. 3,000 this year)
Can the autovalúo (Property Tax Appraisal) or a Certificate of Lot Possession replace the title deed?
The Property Tax Appraisal does not replace it, however the Certificate of Lot possession does replace the title
deed, but only in the case of Shantytown or Settlement dwellers.
Why do I have to pay administrative expenses when I make an Extrajudicial Transaction?
Administrative expenses are paid only once and are derived from the costs incurred in by the Company to start an
extrajudicial transaction.
Why is there a limit to make Extrajudicial Transactions?
In order to avoid the increase of delinquency, which would affect both the client and the Company given that debts
rise due to interests and delays.
You can not carry out more than three Extrajudicial Transactions during a 12-month period.
When does an Extrajudicial Transaction lose validity?
Default of payment of the first installment, of one of the amortization quotas or installments agreed upon, and/or
of the eventual charges. Likewise, inaccuracy or falseness in the content of any declaration or in the documentation
provided by the client during or after negotiating this transaction will result in the client entering the common
payment system (cut and connection removal) and that the appropriate balance has to be totally charged in the
following bill.
If the installment is not paid upon the issuance of the following bill, the client must ask for another credit facility.
©2000
Luz del Sur. Todos los derechos reservados.
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