Answer: No, it cannot.
According to Article 121 (bis) of Federal Decree-Law No. 14 of 2018, all financial institutions are required to obtain adequate guarantees that correspond to the client's income and the loan amount. Otherwise:
- any complaint or legal claim filed by the bank must be rejected,
- if the loan was granted without security that meets the prescribed criteria.
Relevant case law:
Case No. 197 of 2025 / Federal Supreme Court / Commercial.