DATE

STAGE

ACTION

Annex

PLACE

4/21/05

Working Meeting with BID, CONAFOVI, SHF, ICRESON –Report-

Puerto Peñasco, Sonora

4/27-29 /05

Preparatory

Meeting with bankers, lawyers, builders –Report-

Cd. de México

5/16-19 /05

Visit to offices of ICRESON –Report-

Hermosillo, Guaymas

5/27/05

Presentation of the Project before the XVI Congress of the Mexican Institute of Registry Laws –Report, Annex-

Hermosillo

6/6-10 /05

Visit to offices of the Public Registry of Baja California –Report-

Ensenada, Mexicali,Rosarito

6/27/05

Presentation before the Real Estate Committee, Financial and Legal Committee of the Arizona-Sonora Commission, and Mrs. Governors Eduardo Bours of Sonora and Janet Napolitano of Arizona –Annexes-

Tucson, AZ

6/25/05

First

Preparation of the Web Page www.natlaw.com/projects/securitization.htm

NLC-Tucson, AZ

6/28-7/5/05

Visit to bankers, lawyers, building companies for the integration of the Working Groups on Finance, Legal, Operative and Standards –Report-

Ciudad de México

7/12/05

Inaugural Meeting –Report-

NLC-Tucson, AZ

7/12/05

Distribution of Preparatory Materials –Annex-

NLC-Tucson, AZ

7/12/05

Integration of Working Groups –Annex-

NLC-Tucson , AZ

Master Questionnaire

7/15/-5/7/05

Preparation of the Draft Questionnaire

NLC-Tucson , AZ

8/8/05

Internal Distribution of the Draft Questionnaire for comments. Internal Edition.

NLC-Tucson , AZ

9/2/05

Second

Distribution of the Draft Questionnaire to Heads of Working Groups on Finance, Legal, Operative and Standards and to selected members for comments

Electrónica

9/21/05

Receipt of comments from Working Groups

Electrónica

9/22-29 /05

Preparation of the Final Version reflecting comments

NLC-Tucson , AZ

10/3/05

Distribution of the Final Version to Members of Working Groups –E-mail-

Electrónica

10/3/05

Spanish Version – Annex-

10/3/05

English Version – Annex-

10-12/05

10-12/05

Third

Compilation and Systematization of Answers to the Master Questionnaire

Documentary Research

Electrónica

NLC-Tucson , AZ

Preparation of the Reports on Public Registry, Legal Framework and Documentation and Practices

Public Registry

1/3-2/13/06

Preparation of the Draft Report. Internal Discussion.

NLC-Tucson , AZ

2/15/06

Delivery of the Spanish Version of the Draft Report to ICRESON

Hermosillo, Sonora;

3/8/06

Delivery of the Spanish version of the Draft Report to the Public Registry of Baja California

Mexicali, Baja California

3/8/06

Receipt of Comments from ICRESON and Baja California

Electrónica

4/06

Update of the Report on Public Registry

NLC-Tucson , AZ

2/17/06

Delivery of the English and Spanish Reports to USTDA –Preparatory Annexes-

Washington, D.C.

Finalization –pending-

NLC-Tucson, AZ

Fourth

Legal Framework

4-7/06

Preparation of the Report on Legal Framework (and Documentation and Practices)

NLC-Tucson, AZ

7/27/06

Distribution for internal comments (first round)

NLC-Tucson, AZ

8/22/06

Distribution for internal comments (second round)

NLC-Tucson, AZ

8/25/06

Delivery of the Spanish Version of the Report to ICRESON

Hermosillo, Sonora;

8/31-9/10/06

Preparation of the English Version

NLC-Tucson, AZ

9/19/06

Delivery of the Spanish Version of the Report to the Baja California Registry

Mexicali, Baja California

[ ]

Delivery of the Report on Legal Framework to USTDA –Preparatory Annexes

Washington, D.C.

[ ]

Finalization – pending

Documentation and Practices

8-10/06

Preparation of the Report on Documentation and Practices (and Legal Framework)

NLC-Tucson, AZ

7/27/06

Distribution for internal comments (first round)

NLC-Tucson, AZ

10/19/06

Distribution for internal comments (second round)

NLC-Tucson, AZ

8/25/06

Delivery of the Spanish Draft to ICRESON –Annex-

Hermosillo, Sonora;

10/23-31 /06

Preparation of the English Version

NLC-Tucson, AZ

9/19/06

Delivery of the Spanish Draft to the Baja California Registry –Annex-

Mexicali, Baja California

[ ]

Delivery of the Report on Documentation and Practices to USTDA – Preparatory Annexes

Washington, D.C.

[ ]

Finalization – Pending

NLC-Tucson, AZ

[ ]

Fifth

Publication of the Results of the Feasibility Study – pending