Bill Type
Congress Name
Long Title
AN ACT AMENDING SECTION 5(a) OF REPUBLIC ACT NO. 3779, ENTITLED 'AN ACT TO PROVIDE FOR THE REGULATION OF THE ORGANIZATION AND OPERATIONS OF SAVINGS AND LOAN ASSOCIATIONS' AND FOR OTHER PURPOSES
Date filed
July 1, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB00805 |
| FULL TITLE : AN ACT AMENDING SECTION 5(a) OF REPUBLIC ACT NO. 3779, ENTITLED 'AN ACT TO PROVIDE FOR THE REGULATION OF THE ORGANIZATION AND OPERATIONS OF SAVINGS AND LOAN ASSOCIATIONS' AND FOR OTHER PURPOSES |
| ABSTRACT : The bill directs loans and savings associations to grant loans to qualified borrowers of an amount not exceeding Fifty Thousand Pesos (P50,000.00) or the amount deposited by the borrower plus his four (4) month's salary or regular income whichever is higher. |
| PRINCIPAL AUTHOR/S : ABAYON, HARLIN CAST |
| DATE FILED : 2004-07-01 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 2004-07-28 |
Abstract
The bill directs loans and savings associations to grant loans to qualified borrowers of an amount not exceeding Fifty Thousand Pesos (P50,000.00) or the amount deposited by the borrower plus his four (4) month's salary or regular income whichever is higher.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.