HB 2414
House·20th Congress·Filed Jul 28, 2025
An Act Providing for the Restructuring and Condonation of Unpaid Interests, Penalties, and Surcharges on Loans Secured by Farmers, Fisherfolks, Cda-Registered Cooperatives and Agrarian Reform Beneficiaries from the Department of Agrarian Reform, the Department of Agriculture, the People's Credit and Finance Corporation, the Cooperative Development Authority, the National Food Authority, and the Quedan and Rural Credit Guarantee Corporation
In plain language
The bill would wipe out unpaid interest, penalties and surcharges on agricultural loans for farmers, fisherfolk and related groups, but only if the debt arose from force‑majeure events or market shocks and the borrower has already paid at least 2 % of the principal.
Agriculture and FisheriesPublic Works and Infrastructure
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
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Official sources
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HB02414 · Sources: BetterGov Open Congress, BatasWatch