After Independence, the institution was sanctioned by the new government and gained its current name. In the beginning of the 19th century, mismanagement, loans forced by the government and political unrest caused serious financial problems for Monte de Piedad. However, before the end of the same century, the institution was so financially solvent that it began to issue its own money (called confidential certificates of deposit) worth up to six million pesos in 1881. In that same year, it opened its first branches in San Luis Potosí, Oaxaca and Puebla, but these closed within a short time. In 1927, by presidential decree, Monte de Piedad was declared legally as an institution of "Beneficiencia Privada" (private charity).