PD 694 Section 28

Prohibition against writing-off of loans without prior Central Bank approval.

Section 28

SECTION 28. Prohibition against writing-off of loans without prior Central Bank approval. - Writing-off of loans and advances with an out standing amount of one hundred thousand pesos or more shall require the prior approval of the Monetary Board of the Central Bank of the Philippines.

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Other provisions in PD 694

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 694 Section 28 (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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