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

  • Writer: Admin
    Admin
  • May 26, 2020
  • 1 min read

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


 
 
 

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