April 6, 2017
SEC ADVISORY
SEC SUSPENDED ADDITIONAL 20 LENDING COMPANIES
The Securities and Exchange Commission suspended the certificates of registration as corporations of additional 20 lending companies which failed to obtain a Certificate of Authority (CA) to Operate as a Lending Company required under Republic Act No. 9474 or the Lending Company Regulation Act of 2007.
On March 07, 2017, the SEC suspended the certificates of registration of 84 lending companies for their failure to obtain Certificate of Authority to Operate as Lending Company.
The SEC is the lead agency in the administration of said law. Section 4 of R.A. 9474 states that "x x x No lending company shall conduct business unless granted an authority to operate by the SEC."
The list of the suspended 20 lending companies is in Annex A.
ANNEX A
Suspended Lending Companies
(SEC Resolution No. 286, series of 2017)
Company Name | Address | |
1 | ANGELES LENDING INVESTOR, INC. | 842-C BERNARDO BLDG. HENSON ST. ANGELES CITY, PAMPANGA |
2 | CHAMPION LENDING CORP. | 24 ROAD 20, SHORT HORN, PROJECT 8, QUEZON CITY, METRO MANILA |
3 | CHARTON LENDING CORP. | 301 ABM BLDG J. P. RIZAL ST., STO NIÑO, MARIKINA CITY, METRO MANILA |
4 | CLIA...
AIC Grande Tower Garnet Road
Mobile No. +639451244898 |
