Many do not know, but the social security benefit paid by the INSS for permanent disability retirement ensures that the taxpayer is entitled to housing loan settlement.
Since, unable to carry out paid activities, it makes it impossible for him to honor his financial commitments. Thus, such action guarantees him housing even in his most difficult moments.
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Right to discharge of real estate financing
Beneficiaries who have real estate financing through Caixa Econômica Federal, COHAB or other private institutions are entitled to the financing discharge.
Thus, if one of the individuals is covered by permanent disability retirement. The contractual clauses present in CAIXA's agreements, for housing financing, ensure the discharge of the remaining amount of the installments.
What does the law say
The Brazilian justice understands that, once the retirement due to permanent disability is recognized before the INSS. The right to this release, therefore, must be granted to the affected person.
Thus, the disability retiree can apply for the discharge of the housing loan together with the financial institution where he carried out the regular process of financing the property.
How to apply for discharge
In this sense, the beneficiary must contact the agency responsible for their real estate financing and present proof of granting the benefit. Thus requesting full discharge of the outstanding balance, the term of discharge of the debt and the release of the mortgage.
Generally, such financing contracts record a period of up to one year for the taxpayer to report the disability and apply for discharge. However, there are some judicial decisions that state that there should be an extension of this period for up to 10 years.
In addition, the disability retiree who was not aware of such request for the discharge of the financing, can ask for the return of the amount of the installments paid after the granting of disability retirement. For further questions, it is recommended to contact the financial institution responsible for the financing.
