Ad Majorem.....Wealth Builders
The Lending investors are governed by Republic Act 9474 of 2007. The law prescribes the capitalization, supervision, reports of lending investors. Lending Investors are governed by Securities and Excchange Commission. Lending Investors that are owned by banks are to be supervised by BSP
The minimum capitalization of LI is P1,000,000. They are to submit periodic reports to SEC.
The operations of Lending Investors are also governed by Truth in Lending Act or RA 3765 and Consumer Protection Act or RA 7394
Truth in Lending act (pdf)
Truth in Lending Act explained
BSP tightens compliance with TLA
Subscribe to:
Post Comments (Atom)
1 comment:
Eddie Borejon Visited this site Sept 19, 2013
My mind been open to a wider speers of my responsibility as MT for Majorem I must then read more and be compliance to the regulatory agencies
to manage is to look upward and downward side by side to be better
Thank you sir
Post a Comment