HB 2418

House·20th Congress·Filed Jul 28, 2025

An Act Condoning the Penalties on the Loans Secured by the Network Consolidated Cooperative Bank, Formerly the Cooperative Bank of Leyte, Inc., from the Agricultural Credit Policy Council in the Year 1997

In plain language

The bill would cancel about ₱3.6 million in penalties that accrued on two 1997 loans to the Network Consolidated Cooperative Bank, provided the bank has already paid the loan principals and interest.

Constitutional and Electoral MattersPublic Works and InfrastructureAgriculture and Fisheries

Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.

Author · Representative

Felimon Espares
RepresentativeCOOP-NATCCO (party-list)
Receipts →

Official sources

Similar in what they’d do, filed by any lawmaker.

HB 6980· Filed Dec 18, 2025
An Act Regulating Penalties and Surcharges on Credit Cards and Loans, Providing Guidelines for Their Implementation, and for Other Purposes
Pending with the Committee on BANKS AND FINANCIAL INTERMEDIARIES since 2025-12-22Rep. Nathaniel M. Oducado
HB 572· Filed Jun 30, 2025
An Act Providing for Limitation of Loan Interest Rates, Itemization of Loan Contracts and for Other Purposes
Pending with the Committee on BANKS AND FINANCIAL INTERMEDIARIES since 2025-07-29Rep. Antonio L. Tinio +1
HB 925· Filed Jul 1, 2025
An Act Prescribing Maximum Interest Rates on Loans or Forbearance of Money, Goods or Credit or Any Monetary Obligations, and Providing Penalties Therefor
Pending with the Committee on BANKS AND FINANCIAL INTERMEDIARIES since 2025-07-29Rep. Bernadette S. Barbers
HB 2662· Filed Jul 30, 2025
An Act Prohibiting Unfair Debt Collection Practices, Providing Penalties Therefor and for Other Purposes
Pending with the Committee on BANKS AND FINANCIAL INTERMEDIARIES since 2025-08-04Rep. Nathaniel M. Oducado
HB 7291· Filed Jan 26, 2026
An Act Providing for the Condonation of Unpaid Interests, Penalties, and Surcharges and Establishing a Special Debt Restructuring Program for All Ailing and Distressed Electric Cooperatives as the National Electrification Administration May Identify, Providing a Refinancing Facility, a Tax Amnesty, and for Other Purposes
Pending with the Committee on ENERGY since 2026-01-28Rep. Sergio C. Dagooc +1

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HB02418 · Sources: BetterGov Open Congress, BatasWatch

An Act Condoning the Penalties on the Loans Secured by the Network Consolidated Cooperative Bank, Formerly the Cooperative Bank of Leyte, Inc., from the Agricultural Credit Policy Council in the Year 1997

In plain language

Author · Representative

Official sources

Related bills · 20th Congress

Related bills · 20th Congress