Updated Rules on Truth in Lending Act

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BSP CIRCULAR NO. 730, S. 2011: Updated Rules on Truth in Lending Act

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Title Supreme Court: Updated Rules on Truth in Lending Act

Law: Bsp Circular No. 730, S. 2011

Decision Date: Jul 20, 2011

BSP Circular No. 730-11 updates the rules implementing the Truth in Lending Act in the Philippines, aiming to enhance transparency in loan transactions by introducing changes to the method of computing interest, updating the definition of terms, specifying information to be disclosed to borrowers, and introducing changes to the format of the disclosure statement.

loan transparency

truth in lending act

loan transaction

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