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Operating a Lending Company (RA 9474)

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1 Operating a Lending Company (RA 9474) on Fri Jan 05, 2018 12:51 pm

pipeds

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Arresto Menor
Hello po. Tanong ko lang po sana kung legal po ba magpautang sa madaming tao, na may mga kasulutan, kahit po walang nasecure na certificate of authority sa Securities and Exchange Commission?

Hindi po kasi makakakuha ng certificate since di po aabot yung capital (needed kasi minimum of 1 Million). So, pwede po bang makasuhan kong ipagpapatuloy ung pagpapautang?

10% po kada buwan yung interest. At may clear na kontrata pati na din ung balance sheet ng mga nangutang. Pero meron din pong pangalan ung "company".

I hope to hear your advice po para macontinue ung pagoperate ng pagpapautang.

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2 Re: Operating a Lending Company (RA 9474) on Sun Jan 07, 2018 7:58 am

pipeds

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Arresto Menor
up po uhuhuhu

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3 Re: Operating a Lending Company (RA 9474) on Sun Jan 07, 2018 2:03 pm

xtianjames


Reclusion Perpetua
Hindi sya legal kung wala ka permit.

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4 Re: Operating a Lending Company (RA 9474) on Sun Jan 07, 2018 8:50 pm

attyLLL


moderator
While it is a wide spread practice, the law requires a license. Failure to have one is a criminal offense


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