Bill Type
Long Title
AN ACT WAIVING PENALTY INTEREST AND OTHER SIMILAR CHARGES ON AGRICULTURAL LOANS EXTENDED BY THE DEVELOPMENT BANK OF THE PHILIPPINES (DBP) TO BORROWERS RESIDING IN PLACES DECLARED AS CALAMITY DAMAGED AREAS AS CERTIFIED BY THE GOVERNOR AND THE MUNICIPAL MAYOR IN THE LOCALITY, AMENDING FOR THE PURPOSE EXECUTIVE ORDER NO. 81, OTHERWISE KNOWN AS `THE 1986 REVISED CHARTER OF THE DEVELOPMENT BANK OF THE PHILIPPINES'
Congress Author
Date filed
July 28, 1998
Scope
Urgent Bill
No

Legislative History

House Bill/Resolution NO. HB01357
FULL TITLE : AN ACT WAIVING PENALTY INTEREST AND OTHER SIMILAR CHARGES ON AGRICULTURAL LOANS EXTENDED BY THE DEVELOPMENT BANK OF THE PHILIPPINES (DBP) TO BORROWERS RESIDING IN PLACES DECLARED AS CALAMITY DAMAGED AREAS AS CERTIFIED BY THE GOVERNOR AND THE MUNICIPAL MAYOR IN THE LOCALITY, AMENDING FOR THE PURPOSE EXECUTIVE ORDER NO. 81, OTHERWISE KNOWN AS `THE 1986 REVISED CHARTER OF THE DEVELOPMENT BANK OF THE PHILIPPINES'
ABSTRACT : Seeks to avert the worst that can befall farmers or farmers' cooperatives who fail to settle their financial obligations: loss of ownership over the properties used as collaterals for their loans.
PRINCIPAL AUTHOR/S : ANDAYA, VICENTE JR. J.
DATE FILED : 1998-07-28
SIGNIFICANCE: NATIONAL
CO-AUTHORS :
1. 2.
3. 4.
ADMINISTRATION BILL? No
URGENT BILL? No
ACTIONS TAKEN BY THE COMMITTEE ON RULES
REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 1998-08-03

Abstract

Seeks to avert the worst that can befall farmers or farmers' cooperatives who fail to settle their financial obligations: loss of ownership over the properties used as collaterals for their loans.

Disclaimer

Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.