Mexico Bank Trust – New Law; A Summary of Progress So Far

Published on: Apr 26 2013 by Thomas Lloyd

Mexico real estateAs most readers will probably know, Mexico’s government is currently considering a bill which would eliminate the need for ownership by means of a bank trust for non-Mexicans.


Here I offer a summary of 3 longer articles from my other blog with links if you wish to read more.


Progress To Date, Future Steps

The following is a brief review of progress so far with some thoughts on how this will go:


  • On Tuesday, the bill was passed by the Chamber of Deputies (their equivalent to the House of Representatives.)
  • Currently, the bill is with the Senate.
  • When (or if) it passes the Senate, it will go for approval in the state legislatures.
  • For final approval, it will need the ratification of 16 states (out of 32.)


The reason for the state approval is that it is a modification to the Constitution. For a full discussion of these steps, see Bill To Eliminate Bank Trust – What’s the Next Step?.


How Promising is It?

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There are also questions about how likely it is to pass quickly, or at all.  While this is pure speculation, points suggesting it is promising to go through quickly include:


  • The president has created a very strong cooperation between parties.
  • Other constitutional amendments have gone through quickly under this government (since December.)
  • The bill has the support of the 2 most influential parties.
  • The Senate seems to be supportive.
  • State parties usually “take orders from above.”


On the other hand, some observers are more skeptical saying it could take long to be passed, if it passes at all, for the following reasons:

  • Previous attempts to change this law have flopped.
  • There are numerous steps to go through and it is still in the first stages.
  • There is no guarantee that the states will follow federal lead.
  • Other drastic reforms may cause pressure on the gov. to hold off on some items (pressure from banks, large corporations, etc.)


For a full discussion of these possibilities, see New Bank Trust Law – How Long Will it Take? How Promising?


Right now, I am optimistic, but with reservation; the political climate is promising, but we can’t assume that it’s going to happen until we see how quickly it goes through the next stages and actually becomes law.


Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 16 years. In the summer of 2009, he received the first federally applied Mexico Real Estate Degree and Mexico Professional Real Estate License S.E.P. #5978657. He is the president of Top Mexico Real Estate. Contact him at (512) 879-6546.


The TOP Mexico Real Estate Network; “Mexico’s Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!”
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