Maturity/Conditions having renewals. One ask for restoration out-of an emergency financing or improve should feel treated as a unique loan and you will should be experienced merely abreast of the fresh bank’s conformity towards the after the:
an effective. Total selections obtained on financing profile assigned to the fresh Bangko Sentral can be stored when you look at the trust to possess, and you may remitted on the Bangko Sentral perhaps not later on than five (5) banking months adopting the go out of receipt for the percentage of your own bank’s the disaster financing otherwise get better, web of refund regarding passions, or no.
b. Proceeds from this new sale of attributes tasked/mortgaged towards the Bangko Sentral shall be held inside the faith to have, and you may remitted toward Bangko Sentral maybe not later on than just four (5) financial days following the same day loans Arvada CO big date from acknowledgment into the percentage of one’s bank’s a great disaster loan otherwise progress, internet out-of refund of hobbies, if any.
(2) Arises from the fresh selling shall pertain to web proceeds from this new business regarding tasked/mortgaged functions or even the overall Bangko Sentral says pertaining to this new offered services, we.age., loan well worth and additionally desire and you may penalty, whatever is large. (mehr …)
