Section 2
SEC. 2. Subsection (a) of Section 31 of the same Act is hereby further amended to read as follows: "(a) Loans with the security of their own savings and time deposit obligations or of mortgage and chattel mortgage bonds which they have issued, or with the security of savings and time deposit obligations of other banks doing business in the Philippines: Provided, That subject to such regulations as the Monetary Board may prescribe, banks may grant: (1) clean loans for personal and household finance in amounts not exceeding the borrower's savings and time deposits in the bank plus his four months salary or regular income whether from employment or from his own business, and (2) Loans for personal and household finance secured by real estate or chattel mortgage. The aggregate loans granted under subsection (2) shall not exceed ten per cent (10%) of the total assets of the bank."