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Factoring and leasing in the Dominican Republic

Last verified: 2026-10-30 · Status: Stable

Assignments of receivables, whether by sale, discount or security, fall under Ley 45-20 and must be registered in the SEGM to gain priority. Banks may do invoice discounting and financial leasing as listed activities. The article text leaves room for non bank factors funding themselves from their own resources, but funding from the public would need a licence.

USD figures use the Banco Central de la República Dominicana reference selling rate of RD$60.9007 per US dollar for 29 October 2026, rounded to the cent.

Key facts

Separate leasing licence	No specific regime found in the laws read; banks authorized as listed activity textLey 183-02 art. 40 literal p, as of 2026-10-30 · in force
Receivables assignment registry	SEGM textLey 45-20 art. 25 and 26, as of 2026-10-30 · in force
Reference selling rate used for USD conversions	60.9007 DOP per USDBanco Central reference rate, as of 2026-10-29 · in force

The rule

1. Ley 45-20 rules on receivables apply to any assignment, whether by way of security, payment, sale, discount or otherwise, whatever it is called.Ley 45-20 de Garantías Mobiliarias, art. 25, 2020-02-21 official text · verified 2026-10-30

2. A civil sale of credit keeps its Civil Code rules, but it must always be registered in the SEGM for publicity and priority.Ley 45-20 de Garantías Mobiliarias, art. 25 paragraph I, 2020-02-21 official text · verified 2026-10-30

3. A receivable may be given as security without the consent of the account debtor.Ley 45-20 de Garantías Mobiliarias, art. 25 paragraph II, 2020-02-21 official text · verified 2026-10-30

4. Publicity of receivables assignments runs through the SEGM.Ley 45-20 de Garantías Mobiliarias, art. 26, 2020-02-21 official text · verified 2026-10-30

5. The law defines assignment without recourse, where the assignee has no claim against the assignor, and with recourse.Ley 45-20 de Garantías Mobiliarias, art. 3 numeral 8, 2020-02-21 official text · verified 2026-10-30

6. Multiple banks may carry out financial leasing, invoice discounting and related operations.Ley 183-02 Monetaria y Financiera, art. 40 literal p, 2002-11-21 official text · verified 2026-10-30

7. Savings and credit banks and savings and loan associations may also do financial leasing and invoice discounting.Ley 183-02 Monetaria y Financiera, art. 42 literal m; art. 75 literal m, 2002-11-21 official text · verified 2026-10-30

8. Assets bought specifically for bank funded financial leasing are left out of the fixed asset limit of 100% of technical capital.Ley 183-02 Monetaria y Financiera, art. 48, 2002-11-21 official text · verified 2026-10-30

9. Banks need prior Superintendencia authorization to sell credit portfolios above 20% of paid in capital.Ley 183-02 Monetaria y Financiera, art. 44 literal a, as amended by Ley 189-11 art. 173, 2002-11-21 official text · verified 2026-10-30

10. In consumer portfolio sales the contract must protect fair treatment, and the assignee must notify users of the assignment, amount owed, and payment details.Reglamento de Protección al Usuario, Resolución JM 260319-03, art. 81 and paragraph I, 2026-03-19 official text · verified 2026-10-30

Worked example

A supplier sells RD$5,000,000 (US$82,100.86) of invoices at a 3% discount, receiving RD$4,850,000 (US$79,637.84). The buyer pays a RD$1,000 (US$16.42) SEGM notice fee, so the priority cost is flat regardless of invoice volume. The discount rate is commercial, not statutory.

Step by step

Search the assignor in the SEGM for a prior general charge on receivables.
Sign the assignment and register it.
Notify account debtors under Ley 45-20 art. 35.
For consumer portfolios, notify users as art. 81 of the 2026 regulation requires.

Common traps

An unregistered factor can lose to a lender with a prior registered charge on receivables.
Non bank factors funded from the public risk the art. 3 intermediation test of Ley 183-02.
The tax treatment of leasing and factoring is not covered by these provisions; take it from the tax pages and advice.

Sources

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