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RA 11597 (Philippine Veterans Bank Act) Section 20

RA 11597 (Philippine Veterans Bank Act) Section 20

Section 20

SEC. 20. Rights to Demand Additional Securities; Disposal of Same Securities; Advanced Maturity of Credits; Right to Collect Deficiency. – The right of the Veterans Bank to demand additional securities, dispose of the same, advance the maturity of credits in case of loss or decline in the market value of the collaterals, default or non-performance of obligation by the debtor, and collect deficiency, if any, for loans and other credit accommodations granted under or against securities and collaterals, shall be subject to the provisions of Republic Act No. 8791 and other applicable laws on collaterals, mortgage, foreclosure and redemption, and their implementing rules and regulations.

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Other provisions in RA 11597 (Philippine Veterans Bank Act)

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

CitationRA 11597 (Philippine Veterans Bank Act) Section 20 (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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