The Bayanihan Act states that financing companies, banks, and other financing institutions are required to give their borrowers a mandatory payment extension of thirty (30) days from the due date of the loan (the “Payment Extension”), if such due date falls during the Enhanced Community Quarantine (March 17 to May 31, or as may be extended) (the “ECQ Period”).
How does Section 4 (aa) of the Republic Act No. 11469, otherwise known as the Bayanihan toHeal as One Act (the “Bayanihan Act”), affect my loans with First Circle?
