Main Menu

Join MikeLigalig.com!

Why Just Read When You Can Join, Post, and Read!

Register

Loans or Forbearances of Money

Started by MikeLigalig.com, July 11, 2021, 05:49:26 PM

Previous topic - Next topic
Print
Go Down Pages1
User actions

MikeLigalig.com

July 11, 2021, 05:49:26 PM
In the case of loans or forbearances of money, the rate of legal interest used to be twelve percent (12%) per annum pursuant to Central Bank Circular No. 905-82, which took effect on January 1, 1983. "The term 'forbearance', within the context of usury law, has been described as a contractual obligation of a lender or creditor to refrain, during a given period of time, from requiring the borrower or debtor to repay the loan or debt then due and payable."


*Work from HOME and launch your own Wordpress blog, business or personal website, or online store at www.dreamhost.com Yes, FREE Wordpress migration from your existing web host.

START your OWN blog site, business or personal website, or e-commerce store at www.bluehost.com - FREE website transfer..

Latest Tubag Bohol Topics

For God so loved the world, that he gave his only Son (Jesus Christ), that whoever believes in him should not perish but have eternal life. For God did not send his Son into the world to condemn the world, but in order that the world might be saved through him. Whoever believes in him is not condemned, but whoever does not believe is condemned already, because he has not believed in the name of the only Son of God. - John 3:16-18

● ● ● ●
MOST AFFORDABLE health insurance HMO in the Philippines. Learn more at https://kwik.insure/at/mligalig
Print
Go Up Pages1
User actions