About this document
Central Bank Circular No. 905 Overview by Daniel Danjur Daguman is a document available to read on EtoBox.
The document outlines regulations approved by the Monetary Board governing interest rates on loans and amendments to the Manual of Regulations for Banks and Other Financial Intermediaries. Key points include: - Interest rates on loans are no longer subject to any usury law ceilings. - The interest rate allowed in judgments in the absence of a contract is 12% per annum. - Several sections of the Manual of Regulations are amended to remove references to interest rate ceilings.
- Author
- Daniel Danjur Daguman
- Language
- EN