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What is UCPB vs. Beluso: Loan Dispute Ruling about?

This case involves a dispute over interest rates charged by United Coconut Planters Bank (UCPB) on loans provided to spouses Samuel and Odette Beluso. The Belusos took out several promissory notes totaling over P2 million from UCPB between 1996 and 1998. UCPB charged interest rates ranging from 18% to 34% on the loans. The Belusos claimed the interest rates were void and sued UCPB. The RTC and CA both ruled in favor of the Belusos, finding UCPB liable for violating truth in lending laws. UCPB appealed to th

Author

Klaus

Language

EN