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CA 458 Section 53

Section 53

SEC 53. No fee, commission, gift, or charge of any kind shall be exacted, demanded or paid for obtaining loans, discount or rediscount from the Reserve Bank, and any officer, employee, or agent of the said Reserve Bank exacting, demanding, or receiving any fee, commission, gift or charge of any kind said services to obtain a loan discount or rediscount, shall be punished by a fine of not more than five thousand pesos or imprisonment for not more than five years, or both, at the direction of the Court.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER IV. -- Prohibitions and Penalties →

Other provisions in CHAPTER IV. -- Prohibitions and Penalties

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationCA 458 Section 53 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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