The bill would forgive the unpaid interest, penalties and surcharges on certain government‑backed agricultural loans for farmers, fisherfolk, agrarian reform beneficiaries and registered cooperatives, provided they have already paid at least 2 % of the principal and the loan is in default because of force‑majeure or market shocks.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
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HB06950 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.