Amnesty on Delinquency Interest on NHA Loans

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PRESIDENTIAL DECREE NO. 1923: Amnesty on Delinquency Interest on NHA Loans

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Title Supreme Court: Amnesty on Delinquency Interest on NHA Loans

Law: Presidential Decree No. 1923

Decision Date: May 6, 1984

An amnesty is declared on the payment of delinquency interests for beneficiaries of residential lots in designated projects of the National Housing Authority, aiming to alleviate economic dislocation and provide stability during a recession. Failure to settle outstanding accounts within 90 days may result in eviction from occupied homelots.

amnesty

delinquency interests

residential lots

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