Amended Pag-IBIG penalty condonation rules

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HDMF AMENDED RULES AND REGULATIONS IMPLEMENTING Republic Act No. 8501, 24 APRIL 2002: HDMF AMENDED RULES AND REGULATIONS...

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Title Source: Supreme Court: Amended Pag-IBIG penalty condonation rules

Law: Hdmf Amended Rules And Regulations Implementing Republic Act No. 8501, 24 April 2002

Decision Date: Apr 24, 2002

The Home Development Mutual Fund's amended regulations enhance the condonation of penalties for housing loan borrowers, allowing those with unpaid penalties due to justifiable reasons, such as unemployment or structural defects in their homes, to apply for penalty relief and loan restructuring.

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