RA 2023 Section 57

Restrictions on loans.

Section 57

SEC. 57. Restrictions on loans.—Subject to the restrictions that may be imposed by the Administrator, a cooperative shall make loans only to its members and not in excess of either the maximum or of the normal credit determined by the co-operative for that member in accordance with the regulations whichever may be prescribed. Nonmembers may obtain loans on the deposits they hold in the co-operative.

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Other provisions in CHAPTER VI.—Duties, responsibilities and privileges of co-operatives

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 2023 Section 57 (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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