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CA 459 Section 55

Section 55

SEC. 55. No fee, commission, gift, or charge of any kind shall be exacted, demanded, or paid, for obtaining loans from the Agricultural and Industrial Bank and any officer, employee, or agent of the Agricultural and In­dustrial Bank exacting, demanding, or receiving any fee for service in obtaining a loan, shall be punished by a fine of not less than one hundred nor more than six thou­sand pesos or imprisonment for not less than one month nor more than three years, or both, at the discretion of the court.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER III.—Prohibition and Penalties →

Other provisions in CHAPTER III.—Prohibition 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 459 Section 55 (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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