Amendment to Usury Law Interest Limits

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Acts No. 4070: Amendment to Usury Law Interest Limits

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Title Supreme Court: Amendment to Usury Law Interest Limits

Law: Acts No. 4070

Decision Date: Oct 12, 1933

The amendment to the Usury Law in the Philippines, known as Act No. 4070, prohibits individuals and corporations from receiving higher interest rates or sums for loans, with an exception for building and loan societies.

interest rates

loans

mortgage

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