Execution of Loan Agreement.
Section 16
SEC. 16. Execution of Loan Agreement. – For each loan made by an association, a written note or other obligation expressing a rate of interest must be executed by the borrower.
RA 8367 Section 16
Other provisions in RA 8367
- Section 11: Merger or Consolidation of Associations.
- Section 12: Trustees.
- Section 13: Bond of Officers and Employees.
- Section 14: Compensation of Trustees, Officers and Employees.
- Section 15: Limitations on Lending Authority.
- Section 17: Liability of Officers for Loans Contrary to Law.
- Section 18: Limitations on Investment.
- Section 19: Reserves.
- Section 20: Withdrawal by a Member.
- Section 21: Annual Reports by the Association.
CitationRA 8367 Section 16 (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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