GSIS Housing Loan Restructuring Program

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GSIS NO. 176: GSIS Housing Loan Restructuring Program

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Title Supreme Court: GSIS Housing Loan Restructuring Program

Law: Gsis No. 176

Decision Date: Dec 8, 2010

The GSIS Resolution No. 176 establishes a six-month extension for a housing loan restructuring program, offering a 6% annual interest rate on consumer mortgage loans to assist members in updating their accounts and reducing acquired asset inventory.

consumer mortgage

accounts receivables

A

Extension of the Restructuring Program

The restructuring program for housing loans is extended for six months, until March 31, 2011.
This extension provides members additional time to update their loan accounts.
It also aims to reduce the GSIS inventory of acquired assets through the restructuring efforts.

Administrative Approval and Confirmation

The resolution approving the restructuring program was adopted on December 8, 2010.
The program is certified correct by the Corporate Secretary and confirmed by the Vice-Chairman of the GSIS Board of Trustees.
This ensures proper governance and official backing for the restructuring initiative.

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