Republic Acts1 min read
Section 40Sec./Art. 40
Personal notes Saved on this device
0 / 5,000 charactersReport page issue
Answer First
Primary Text
Prohibited Activities of the SMI. - The SMI shall be prohibited from:
(a) Originating or financing individual mortgage loans;
(b) Providing loans to other parties engaged in a business other than that approved in the Plan submitted to the Commission: and
(c) Providing capital equity to other companies.
Use With Care
Definitions and exceptions often appear before or after this text.
Court decisions may interpret, limit, or apply this provision.
Confirm amendment, repeal, effectivity, and official publication.