About this document

DBP Interest Rate Dispute Resolution by cheryl talisik is a document available to read on EtoBox.

The Development Bank of the Philippines (DBP) loaned private respondents Ruben and Angelita Go P494,000 evidenced by two promissory notes secured by their real and personal properties. The notes had an 18% annual interest rate and 8% penalty for default. DBP claimed it could unilaterally change interest rates and extrajudicially foreclosed on the properties, claiming default. The respondents sued and a temporary restraining order was issued against foreclosure. While the contract allowed for judicial or ext

Author

cheryl talisik

Language

EN