Administrative Sanctions

SEC Memorandum Circular No. 14 (2025), Interest Rate Ceilings, Financing and Lending Companies, Financial Products and Services Consumer Protection Act (FCPA), Effective Interest Rate (EIR), Nominal Interest Rate (NIR), Unsecured General-purpose Loans, Administrative Sanctions, Anti-Circumvention Measures, Total Cost Cap, corporate lawyer, loan,

Ceilings on Interest Rates for Unsecured Loans not exceeding P10,000: An Explainer on the RECALIBRATED CEILINGS ON INTEREST RATES AND OTHER FEES CHARGED BY FINANCING COMPANIES AND LENDING COMPANIES (SEC MC No. 14, s. 2025)

Legal Advice on Philippine Law and Jurisprudence / Nicolas and De Vega Law Offices

This article talks about SEC Memorandum Circular No. 14 (2025) wherein starting 01 April 2026, loans not exceeding 10 months are subject to a maximum effective Interest Rate of 12% per month and a total cost cap where the sum of all interests and fees cannot exceed 100% of the principal.

Ceilings on Interest Rates for Unsecured Loans not exceeding P10,000: An Explainer on the RECALIBRATED CEILINGS ON INTEREST RATES AND OTHER FEES CHARGED BY FINANCING COMPANIES AND LENDING COMPANIES (SEC MC No. 14, s. 2025) Read More »

What are the maximum and minimum administrative fines the SEC may impose for violating the Code?

Legal Answers / Nicolas and De Vega Law Offices

What are the maximum and minimum administrative fines the SEC may impose for violating the Code? If the SEC finds that any provision of the Code, rules, or orders has been violated, it may impose several administrative sanctions (SEC. 158, Revised Corporation Code of the Philippines). The primary sanction is the imposition of a fine

What are the maximum and minimum administrative fines the SEC may impose for violating the Code? Read More »

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Administrative Sanctions

Ceilings on Interest Rates for Unsecured Loans not exceeding P10,000: An Explainer on the RECALIBRATED CEILINGS ON INTEREST RATES AND OTHER FEES CHARGED BY FINANCING COMPANIES AND LENDING COMPANIES (SEC MC No. 14, s. 2025)

What are the maximum and minimum administrative fines the SEC may impose for violating the Code?

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Administrative Sanctions

Ceilings on Interest Rates for Unsecured Loans not exceeding P10,000: An Explainer on the RECALIBRATED CEILINGS ON INTEREST RATES AND OTHER FEES CHARGED BY FINANCING COMPANIES AND LENDING COMPANIES (SEC MC No. 14, s. 2025)

What are the maximum and minimum administrative fines the SEC may impose for violating the Code?

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