SEC reiterates mandatory grace period for all loans, warns erring lenders of legal consequences

The SEC has issued another advisory reminding financing and lending companies to apply the mandatory grace period for all loans with principal and/or interest falling due while the country remains under community quarantine.

For more information, you may also access the advisory here: http://www.sec.gov.ph/wp-content/uploads/2020/05/2020Notice_Compliance-with-the-Bayanihan-Act.pdf