Loan/Credit Disclosure Requirement

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SEC-CORPORATION FICE DEPARTMENT MEMORANDUM CIRCULAR NO. 003, S. 2001: Loan/Credit Disclosure Requirement

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Title Supreme Court: Loan/Credit Disclosure Requirement

Law: Sec-corporation Finance Department Memorandum Circular No. 003, S. 2001

Decision Date: Mar 30, 2001

The SEC mandates financing companies to provide a standardized Disclosure Statement on Loan/Credit Transactions to ensure transparency in credit costs, with penalties for non-compliance escalating from fines to potential suspension of operating authority.

disclosure statement

loan transaction

credit transaction

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