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RA 7919 Section 5

RA 7919 Section 5

Official Receipt.

Section 5

SEC. 5. Official Receipt. - The commercial or universal bank shall issue an official receipt acknowledging receipt of the integration fee, upon payment by the applicant of a processing fee of One thousand pesos (P1,000). In the event registration was effected under paragraph 2 of subsection 4.1, the bank shall furnish copies of the registration documents to the following agencies: (1) the civil register of the applicant's place of residence; (2) the BIR; and (3) the NBI. Thereafter, the bank shall issue a certification to this effect in favor of the applicant.

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Other provisions in RA 7919

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 7919 Section 5 (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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