Chihuahua, Chih., December 22nd, 2020.
Dear Clients and Friends,
We hereby inform you that on December 16th of this year, the decree that amends article 37th of the National Worker´s Housing Fund (INFONAVIT) Law, was published on the Federal Official Gazette.
The amendment foresees the right to receive the resources of the workers’ housing sub-account pursuant article 40 of the abovementioned Law; therefore, if the right is not exercised by the worker, and if the case may be, its beneficiaries, after ten years since the resources could be requested, they will no longer be assigned in favor of INFONAVIT.
INFONAVIT, within the year prior to the end of the aforementioned period, will notify that said right is enforceable, in order for the resources to be requested. However, once said period ends, and if the right to receive the corresponding resources has not been exercised, these may be applied in order to create a financial reserve administered by INFONAVIT.
The worker and/or its beneficiaries will permanently have the right to file a claim, and even, if approved, the amounts due, shall be recognized considering the corresponding interests, pursuant the applicable guidelines.
The decree that amends the article herein referred, entered into force as of December 17th,2020.
For more information regarding this topic, please contact Mr. Sergio Humberto Salas Medrano, Partner of the Fiscal and Administrative Area, at the email address ssalas@iclmx.com.
Lic. Sergio H. Salas Medrano.
Inintegrum Legal Corporation, S.C.
