About this document
Vasquez vs. PNB: Loan Dispute Case Summary by Vener Margallo is a document available to read on EtoBox.
This document summarizes a court case between Engineer Ricardo Vasquez and the Philippine National Bank (PNB). Vasquez took out loans from PNB in 1996 secured by his properties, but stopped paying when PNB unilaterally increased the interest rates above the agreed upon 17%. PNB foreclosed on the properties and Vasquez sued, claiming excessive interest charges. The court case discusses the history of the loans and foreclosure proceedings. The Regional Trial Court found that Vasquez failed to intervene in the
- Author
- Vener Margallo
- Language
- EN