SEC. 2. Section five-A of the same Act is hereby amended to
read as follows:
"SEC. 5-A. Equipment or livestock loans granted by
private development banks need not be secured by the chattel, equipment
or livestock acquired out of the proceeds of the loan if the borrower
offers to constitute a lien or mortgage on real estate properties
seventy percent (70%) of the appraised value of which equals or exceeds
the loan granted."
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
CitationPD 119 Section 2 (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).
