Republic Acts1 min read
Section 7October 13, 2008, Sec./Art. 7
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Incentive for Prompt Payment of Monthly Amortization. - Upon the effectivity of this Act, all accounts whose monthly amortizations are paid on time shall be entitled to incentives, including but not limited to, a reasonable discount on loan interest, the amount or percentage of which shall be determined by the respective boards of the (GFls) and housing agencies.
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