Maturity/Criteria to possess renewals. Any ask for restoration off a crisis mortgage otherwise progress will feel treated since a different loan and you will would be noticed merely through to the latest bank’s conformity to the following:
New bank’s assets and you will organization is drawn arms out of or the business frozen or closed of the lawfully subscribed governmental company otherwise expert
a beneficial. Complete series received into the loan profile assigned to the latest Bangko Sentral might be stored during the faith for, and you may remitted towards Bangko Sentral perhaps not afterwards than just four (5) banking days after the date regarding receipt in commission of the bank’s the disaster loan or progress, web out-of refund off passions, or no.
b. Proceeds from brand new marketing off qualities assigned/mortgaged into Bangko Sentral shall be kept from inside the trust for, and you can remitted to the Bangko Sentral maybe not later on than simply four (5) banking weeks following go out regarding bill for the commission of one’s bank’s the disaster mortgage or advance, internet off reimburse of interests, or no.
(2) Proceeds from the business shall pertain to web arises from the fresh new selling out of assigned/mortgaged services or even the complete Bangko Sentral states around the new ended up selling features, we.e., mortgage really worth also appeal and you may punishment, any is higher. Okumaya devam et “The term of every disaster loan otherwise progress will not exceed 180 days as well as renewals”