Guidelines on Salary-Based General-Purpose Consumption Loans
Subject: Guidelines on Salary-Based General-Purpose Consumption loans The Monetary Board, in its Resolution No. 1380 dated 27 August 2015, approved the guidelines on salary-based general-purpose consumption loans, as well as the amendments of certain provisions in the Manual of Regulations for Banks (MORB) and the Manual of Regulations for Non-Bank Financial Institutions (MORNBFT): Section 1. …
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