DEPED MEMORANDUM NO. 46

: The memorandum temporarily lifts the moratorium on new loans for teachers and DepEd non-teaching personnel through the automatic payroll deduction system (APDS).
: The moratorium was temporarily lifted for a limited period from February 15 to February 28, 2003.
: The Department recognized the need for teachers to pay for end-of-year tuition, dues, and other related expenses including graduation during this period.
: APDS is a system that allows lenders to deduct loan repayments automatically from the salaries of teachers and DepEd non-teaching personnel.
: The moratorium will automatically resume on March 1, 2003, and will continue until the end of the review and re-accreditation period.
: They must submit the new promissory notes and proper Authorities to Deduct to the Office of the Undersecretary for Finance and Administration by March 4, 2003.
: Yes, salary deductions for current teacher loans will continue and the remittances will be made monthly to the lending institutions.
: No, the moratorium is limited to new salary loans only. Insurance premiums and other mutual assistance programs can continue as before and will be reviewed separately later.
: Submitting the new promissory notes and authorities to deduct ensures compliance with the re-accreditation program and proper documentation for loan processing during the temporary lifting period.