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Lending Company Regulation Act of 2007

AN ACT GOVERNING THE ESTABLISHMENT, OPERATION AND REGULATION OF LENDING COMPANIES

R.A. No. 9474 | 2007-05-22

Lending Company Regulation Act of 2007
(amended by Republic Act No. 10881)

Section 1. Title. — This Act shall be known as the "Lending Company Regulation Act of 2007".

Section 2. Declaration of Policy. — It is hereby declared the policy of the State to regulate the establishment of lending companies and to place their operation on a sound, efficient and stable condition to derive the optimum advantages from them as an additional source of credit; to prevent and mitigate, as far as practicable, practices prejudicial to public interest; and to lay down the minimum requirements and standards under which they...