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An Act Providing For The Regulation Of The Organization And Operations Of Thrift Banks, And For Other Purposes.

AN ACT PROVIDING FOR THE REGULATION OF THE ORGANIZATION AND OPERATIONS OF THRIFT BANKS, AND FOR OTHER PURPOSES.

REPUBLIC ACT NO. 7906 | 1995-02-23

REPUBLIC ACT NO. 7906
 
AN ACT PROVIDING FOR THE REGULATION OF THE ORGANIZATION AND OPERATIONS OF THRIFT BANKS, AND FOR OTHER PURPOSES.
 
CHAPTER I
DECLARATION OF POLICY AND DEFINITIONS
 
Section 1. Title. — This Act shall be known and cited as the "Thrift Banks Act of 1995."
 
Sec. 2. Declaration of Policy. — It is hereby declared the policy of the State to:
 
(a) Recognize the indispensable role of the private sector, to encourage private enterprise, and to provide incentives to needed investments;
 
(b) Promote economic development pursuant to the socioeconomic program of the government, to expand...