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RA 1292 Section 6

RA 1292 Section 6

Section 6

SEC. 6. Applications for such loans shall be made in writing and under oath and shall contain, among other things, the following: A statement to the effect that the retailer is of good moral standing in the community and that he has not been convicted previously of estafa or any other crime involving moral turpitude; and A statement that the proceeds of the loan shall be used solely for purchasing articles needed in the retail business in which he is engaged or will engage and that said articles shall be sold by the applicant at his retail store directly to the public.

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Other provisions in RA 1292

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 1292 Section 6 (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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