In re Revocation of Certificates of Registration of 287 Lending Companies

July 16, 2019SEC CGFD ORDER NO. 157-19IN THE MATTER OF: REVOCATION OF CERTIFICATES OF REGISTRATION OF TWO HUNDRED EIGHTY-SEVEN (287) LENDING COMPANIESORDER OF REVOCATIONWHEREAS, pursuant to its continuing drive against registered lending companies which failed to obtain a Certificate of Authority to Operate as a Lending Company pursuant to Republic Act No. 9474, otherwise known as the Lending Company Regulation Act of 2007, despite the sufficient time given to them to comply, the Securities and Exchange Commission, in a resolution dated 4 July 2019, REVOKED the Certificates of Registration of Two Hundred Eighty-Seven (287) lending companies; WHEREFORE, NOTICE is hereby given that the Certificates of Registration of the companies listed in Annex "A" hereof, are hereby REVOKED.Let this Order be published once in a newspaper of general circulation and in the Commission's website.SO ORDERED.PICC Complex, Pasay City, July 16, 2019.(SGD.) RACHEL ESTHER J. GUMTANG-REMALANTEOfficer-in-ChargeANNEX ALending Companies Operating without Certificate of Authority Endorsed for Revocation LCs without CA, with paid up capital below 1M and with no reports for the last 5 years11ST CALL LENDING CORP.28C...