Bill Type
Long Title
AN ACT GOVERNING THE ESTABLISHMENT, OPERATION AND REGULATION OF LENDING COMPANIES
Short Title
LENDING COMPANY REGULATION ACT OF 2007
Text as Filed (File)
Congress Author
Scope
Legislative Status
Legislative Status Date
Session Sequence No.
65
Session Type
Document Certification

Committee Details

Primary Committee

Legislative History

House Bill/Resolution NO. HB06073
REPUBLIC ACT NO. RA09474
FULL TITLE : AN ACT GOVERNING THE ESTABLISHMENT, OPERATION AND REGULATION OF LENDING COMPANIES (On Feb. 20, 2007, House concurred with its Senate version (SB01949).
SHORT TITLE : Lending Company Regulation Act of 2007
ABSTRACT : The bill seeks to define the minimum requirement and standards for the establishment and operation of lending companies.
PRINCIPAL AUTHOR/S : SALCEDA, JOEY SARTE
DATE FILED : 2007-01-31
SIGNIFICANCE: NATIONAL
CO-AUTHORS :
1. Puentevella 2. Lopez
3.
AUTHORS(Final/Third Reading) :
1. Reyes 2. Amin
3. Abayon 4. Espino
5. Garin 6. Villarosa
7. Petilla 8. Olano
9. Nantes 10. Javier
11. Alfelor 12. Lacson
13. Apostol 14. Diaz
15. Real 16. Suarez
17. Pancho 18. Madamba
19. Señeres 20. Cua
21. Lapus 22. Carmona
23. Duavit 24. Seachon-lanete
25. Dimaporo 26. Umali
27. Codilla 28. Zialcita
29. Roman 30. Villafuerte
31. Dy 32. Aquino
33. Vicencio 34. Mercado
35. Arroyo 36. Abante
37. Datumanong 38. Locsin
39. Baculio 40. Enrile
41. Noel 42. Asistio
43. Santiago 44. Marcos
45. Agbayani 46. De Venecia
47. Espinosa 48. Salapuddin
49. Nograles 50. Escudero
51. Defensor 52. De Guzman
53. Fuentebella 54. Castro
55. Gullas 56. Lagman
57. Cerilles 58. Garcia
59. Gozos 60. Bueser
61. Cayetano 62. Crisologo
63. Suplico 64. Plaza
65. Villanueva 66. Antonino-custodio
67. Malapitan 68. Serapio
69. Angara 70. Aquino
71. Chipeco 72. Barbers
73. Golez
DATE CERTIFIED AS URGENT:2007-02-06
URGENT BILL? Yes
DATE CERTIFIED AS URGENT:2007-02-06
COUNTERPART HOUSE BILL/CONCURRENT RESOLUTION: SB01949
REMARKS: On Feb. 20, 2007, House concurred with its Senate version (SB01949).
ACTIONS TAKEN BY THE COMMITTEE
COMMITTEE REPORT NO. 02212
SUBMITTED ON 2007-01-31
SUBMITTED BY: BANKS AND FINANCIAL INTERMEDIARIES
RECOMMENDATIONS: approval
SUBSTITUTED BILLS: HB00120, HB00639
ACTIONS TAKEN BY THE COMMITTEE ON RULES
REFERRAL TO THE COMMITTEE ON RULES ON 2007-01-31
DATE INCLUDED IN OB: 2007-01-31
DATE CALENDARED : 2007-02-05
SECOND READING INFORMATION
PERIOD OF SPONSORSHIP : 2007-02-05
FINAL LIST OF AUTHORS : Reyes, Amin, Abayon, Espino, Garin, Villarosa, Petilla, Olano, Nantes, Javier, Alfelor, Lacson, Apostol, Diaz, Real, Suarez, Pancho, Madamba, Señeres, Cua, Lapus, Carmona, Duavit, Seachon-lanete, Dimaporo, Umali, Codilla, Zialcita, Roman, Villafuerte, Dy, Aquino, Vicencio, Mercado, Arroyo, Abante, Datumanong, Locsin, Baculio, Enrile, Noel, Asistio, Santiago, Marcos, Agbayani, De Venecia, Espinosa, Salapuddin, Nograles, Escudero, Defensor, De Guzman, Fuentebella, Castro, Gullas, Lagman, Cerilles, Garcia, Gozos, Bueser, Cayetano, Crisologo, Suplico, Plaza, Villanueva, Antonino-custodio, Malapitan, Serapio, Angara, Aquino, Chipeco, Barbers, Golez
DATE APPROVED ON SECOND READING : 2007-02-05
REMARKS : On Feb. 05, 2007, the Body approved to consider the Explanatory Note of the Bill as the sponsorship remarks on the measure.
THIRD READING INFORMATION
DATE COPY DISTRIBUTED TO MEMBERS: 2007-02-05
DATE APPROVED BY THE HOUSE ON THIRD READING :2007-02-07
HOUSE VOTES:    YEAS:162     NAYS:0    ABSTAIN:.0
DATE TRANSMITTED TO THE SENATE:  2007-02-08
ACTIONS TAKEN BY THE SENATE/HOUSE
DATE RECEIVED BY THE SENATE:  2007-02-08
DATE HOUSE ADOPTED SENATE BILL AS AN AMENDMENT TO HOUSE BILL:  2007-02-20
REMARKS : On Feb. 20, 2007, House concurred with the Senate version (SB01949).
ACTIONS TAKEN BY THE PRESIDENT
DATE TRANSMITTED TO THE PRESIDENT : 2007-04-24
DATE ACTED UPON BY THE PRESIDENT : 2007-05-22
PRESIDENTIAL ACTION:(A)PPROVED/(V)ETOED/(L)APSED : A
REPUBLIC ACT NO.: RA09474
ORIGIN : SENATE
REPUBLIC ACT TITLE: AN ACT GOVERNING THE ESTABLISHMENT, OPERATION AND REGULATION OF LENDING COMPANIES

Senate Legislative History

Entitled:
AN ACT GOVERNING THE ESTABLISHMENT, OPERATION AND REGULATION OF LENDING COMPANIES
[ THIRD REGULAR SESSION, 13TH CONGRESS ]
[ 2007 ]
2/7/2007 Filed in the Senate requesting for concurrence by Representatives JOEY SARTE SALCEDA, MONICO O. PUENTEVELLA, et. al.;
2/7/2007 Certified for immediate enactment by the President of the Philippines pursuant to the provisions of Article VI, Section 26(2) of the 1987 Constitution, dated February 6, 2007;
2/8/2007 Read on First Reading and referred to the Committee on RULES;
2/20/2007 House of Representatives adopted SBN-1949 as an amendment to HBN-6073; (See: O.B. dated June 4, 2007)
3/27/2007 Enrolled Copy of the consolidated version of SBN-1949 and HBN-6073 Sent to the House of Representatives for the Signature of the Speaker and the Secretary General;
4/24/2007 Enrolled copy of the consolidated version of SBN-1949 and HBN-6073, sent to the Office of the President of the Philippines for the signature and approval of President Gloria Macapagal Arroyo;
5/22/2007 Consolidated with SBN-1949 which was approved and signed into law by the President of the Philippines and became
5/22/2007 REPUBLIC ACT NO. 9474
====================

Abstract

The bill seeks to define the minimum requirement and standards for the establishment and operation of lending companies.'

Disclaimer

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