SEC. 2. No loan or loans shall be extended by any financial
institution to any person to finance the establishment, construction,
rehabilitation, management and/or operation of any development project
for tourism purposes without the prior approval of the Philippine
Tourism Authority, in accordance with the policies and guidelines
prescribed by the Department of Tourism.
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 381 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).
