The Superintendency of Banks of the Dominican Republic has submitted a draft bill to the Chamber of Deputies to modernize procedures for accessing patrimonial information and for delivering lower-value assets and funds. The proposal is aimed at cases arising from the death of a family member or the dissolution of shared property arrangements, including inheritance proceedings, the marital community of property and judicially recognized common-law unions. The draft would create a simplified procedure for delivering lower-value movable assets and remove formalities and administrative burdens the authority considers unnecessary. It would also draw a clearer distinction between the right to obtain patrimonial information and the right to withdraw funds, while reducing timeframes for accessing such information, limiting unjustified conservatory measures or oppositions over undivided estates, strengthening the rights of interested parties and promoting more efficient, interoperable systems. A further simplified procedure would facilitate access to resources for funeral expenses and other urgent needs, in an area the authority said currently lacks specific and uniform regulation. The proposal was sent to the president of the Chamber of Deputies for legislative consideration.
Superintencencia de Bancos de la Republica Dominicana2026-07-20
Superintendency of Banks of the Dominican Republic submits bill to simplify access to estate information and release of low value assets
The Superintendency of Banks of the Dominican Republic has submitted a draft bill to simplify access to patrimonial information and the release of lower-value assets and funds in inheritance and shared property cases. The proposal would introduce simplified procedures, shorten access timeframes, distinguish information rights from fund withdrawal rights and create a streamlined path for funeral expenses and other urgent needs. It is now with the Chamber of Deputies for legislative consideration.