Amendments on ROPOA Regulations for Banks

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CIRCULAR NO. 306, S. 2002: Amendments on ROPOA Regulations for Banks

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Title Supreme Court: Amendments on ROPOA Regulations for Banks

Law: Circular No. 306, S. 2002

Decision Date: Jan 9, 2002

Circular No. 306, S. 2002 mandates the recording and appraisal of real and other properties owned or acquired by banks and non-bank financial institutions, stipulating that properties acquired through foreclosure must be valued at the lower of the loan balance or purchase price, with specific guidelines for properties exceeding P5 million and the treatment of non-cash payments for interest.

properties owned

acquired properties

real property

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