Maturity/Conditions to possess renewals. One ask for renewal out-of a crisis loan or advance should getting managed while the another type of mortgage and you can are going to be noticed only upon the new bank’s conformity toward pursuing the:
The bank’s possessions and you can company is pulled arms from otherwise the providers suspended otherwise finalized from the legitimately registered political agencies or power
good. Full stuff gotten for the financing account assigned to the brand new Bangko Sentral should be held for the faith for, and you can remitted to the Bangko Sentral maybe not afterwards than just five (5) financial days adopting the day of bill within the commission of your bank’s outstanding disaster loan otherwise get better, websites from refund of hobbies, if any.
b. Arises from the marketing out of functions tasked/mortgaged on the Bangko Sentral is kept in trust to possess, and remitted on Bangko Sentral not after than four (5) banking weeks pursuing the date away from receipt within the percentage of your own bank’s a fantastic emergency financing or improve, web out-of refund regarding hobbies, or no.
(2) Proceeds from the new income will pertain to net arises from the fresh new selling out-of assigned/mortgaged functions or even the overall Bangko Sentral states when it comes to the latest marketed characteristics, i.age., mortgage well worth and additionally focus and you will punishment, whichever was highest. Ler mais
