G.R. No. 138703 - Development Bank of the Philippines vs. Court of Appeals

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G.R. No. 138703: Development Bank of the Philippines vs. Court of Appeals

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Title Supreme Court: Development Bank of the Philippines vs. Court of Appeals

Case: G.R. No. 138703

Decision Date: Jun 30, 2006

DBP granted loans secured by mortgages; respondents defaulted, leading to foreclosure. Court ruled interest rates must not exceed 12%, upheld mortgage validity, and remanded for obligation computation.

foreclosure

mortgage

usurious interest charges

Very Long 31 min

1.8x of typical case length

END