Legislative History
| House Bill/Resolution NO. House Bill No. 6655, 12th Congress of the Republic | |
| FULL TITLE : AN ACT ESTABLISHING THE LIVELIHOOD AND TECHNOLOGY RELATED LOAN CONDONATION ACT OF THE PHILIPPINES | |
| SHORT TITLE : Livelihood and Technology-Related Loan Condonation Act of 2004 | |
| ABSTRACT : "Livelihood and Technology-Related Loan Condonation Act of 2004". The bill proposes to condone all penalties and surcharges imposed upon all livelihood and technology-related loans granted by government financing institutions upon filing of the restructuring application. The proposed condonation act shall cover all due and demandable arrearages composed of the principal and interest outstanding as of the effectivity of the condonation program. The proposed act shall not cover accounts without an amortization due payment since the loan take-out and accounts that have been foreclosed with the sheriff's certificate of sale already issued. | |
| PRINCIPAL AUTHOR/S : LAPUS, JESLI A. | |
| DATE FILED : 2004-01-13 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. Calalay | 2. Umali |
| 3. Nieva | 4. Uy |
| 5. Ylagan | 6. Nepomuceno |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITTEE REPORT NO. 01969 | |
| SUBMITTED ON 2004-01-13 | |
| SUBMITTED BY: GOVERNMENT ENTERPRISES AND PRIVATIZATION | |
| RECOMMENDATIONS: approval | |
| SUBSTITUTED BILLS: House Bill No. 5261, 12th Congress of the Republic | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON RULES ON 2004-01-19 | |
| DATE INCLUDED IN OB: 2004-01-19 | |
| DATE CALENDARED : 2004-01-27 |
Abstract
"Livelihood and Technology-Related Loan Condonation Act of 2004". The bill proposes to condone all penalties and surcharges imposed upon all livelihood and technology-related loans granted by government financing institutions upon filing of the restructuring application. The proposed condonation act shall cover all due and demandable arrearages composed of the principal and interest outstanding as of the effectivity of the condonation program. The proposed act shall not cover accounts without an amortization due payment since the loan take-out and accounts that have been foreclosed with the sheriff's certificate of sale already issued.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.