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+ Follow PAWNSHOP REGULATION ACT Tag
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 464221 [Title] => Bangko Sentral ng Pilipinas tightens rules on pawnshops [Summary] =>MANILA, Philippines - The Bangko Sentral ng Pilipinas (BSP) has tightened its rules governing pawnshops, increasing the minimum capital requirement and subjecting owners and officers to its “fit and proper” rule to uncover “fly by night” operators.
[DatePublished] => 2009-05-06 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 98355 [Title] => Solon seeks to regulate pawnshop rates [Summary] => Millions of small borrowers stand to benefit once a bill regulating pawnshop interest rates is enacted.
In House Bill 4124, former senator and now Rep. Ernesto Herrera (Lakas, Bohol) recommends the following pawnshop interest rates per annum:
six percent when the amount lent is less than P2,000;
seven percent when the amount is more than P2,000 but not more than P5,000;
nine percent when the amount is more than P5,000
[DatePublished] => 2000-12-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
PAWNSHOP REGULATION ACT
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 464221 [Title] => Bangko Sentral ng Pilipinas tightens rules on pawnshops [Summary] =>MANILA, Philippines - The Bangko Sentral ng Pilipinas (BSP) has tightened its rules governing pawnshops, increasing the minimum capital requirement and subjecting owners and officers to its “fit and proper” rule to uncover “fly by night” operators.
[DatePublished] => 2009-05-06 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 98355 [Title] => Solon seeks to regulate pawnshop rates [Summary] => Millions of small borrowers stand to benefit once a bill regulating pawnshop interest rates is enacted.
In House Bill 4124, former senator and now Rep. Ernesto Herrera (Lakas, Bohol) recommends the following pawnshop interest rates per annum:
six percent when the amount lent is less than P2,000;
seven percent when the amount is more than P2,000 but not more than P5,000;
nine percent when the amount is more than P5,000
[DatePublished] => 2000-12-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
By Des Ferriols | May 6, 2009 - 12:00am
December 28, 2000 - 12:00am
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