Section 20Sec./Art. 20

Rights to Demand Additional Securities; Disposal of Same Securities; Advanced Maturity of Credits; Right to Collect Deficiency. The right of the Veterans Bank to demand additional securities, dispose of the same, advance the maturity of credits in case of loss or decline in the market value of the collaterals, default or non-performance of obligation by the debtor, and collect deficiency, if any, for loans and other credit accommodations granted under or against securities and collaterals, shall be subject to the provisions of Republic Act No. 8791 and other applicable laws on collaterals, mortgage, foreclosure and redemption, and their implementing rules and regulations.