Condonation of penalties on govt housing loans

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Republic Act No. 8501: Condonation of penalties on govt housing loans

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Title Supreme Court: Condonation of penalties on govt housing loans

Law: Republic Act No. 8501

Decision Date: Feb 13, 1998

The Housing Loan Condonation Act of 1998 in the Philippines allows for the condonation of unpaid penalties on housing loans from government institutions involved in the National Shelter Program, with eligibility requirements and the power granted to Pag-ibig Fund to condone penalties.

housing loan

condonation

penalties

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