About this document
Villa Crista vs. Equitable PCI Bank Case by Shenna Sunico is a document available to read on EtoBox.
The Supreme Court upheld the validity of the monthly repricing of interest rates on loans from Equitable PCI Bank (now BDO) to Villa Crista Monte Realty & Development Corporation. The Court found that (1) the promissory notes signed by Villa Crista allowed for repricing of interest rates without prior notice; (2) Equitable PCI Bank consistently notified Villa Crista of repricing; and (3) Villa Crista accepted the repriced rates by continuing payment for years. Therefore, the foreclosure proceedings initiate
- Author
- Shenna Sunico
- Language
- EN