Credit Card DOSRI Rules Amendments

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BSP CIRCULAR NO. 232: Credit Card DOSRI Rules Amendments

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Title Source: Supreme Court: Credit Card DOSRI Rules Amendments

Law: Bsp Circular No. 232

Decision Date: Mar 23, 2000

BSP Circular No. 232 allows banks and non-bank financial institutions to exempt credit card operations from DOSRI regulations for directors, officers, and stockholders, provided they fully reimburse the billed amount by the due date and that credit privileges are available to all qualified applicants.

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