New legislation -- unpaid interests condoned

Title: New legislation -- unpaid interests condoned
Language: English
Year: 1949
Subject: Interest (Finance) -- Law & legislation; Interest rate ceilings
Rights
Description: "Begun and held in the City of manila on Monday, the twenty-fourth of Janury, nineteen hundred and forty-nine [Republic Act No. 401]
An act to condone all unpaid interests accruing from January first nineteen hundred and forty-two to december thirty-fisrt nineteen hundred and forty-five on all obligations outstanding on December eight, nineteen hundred and forty-one, and to apply payment of interests paid after February twenty-eight, nineteen hundred and forty-five, to the principal obligation if still outstanding, in certain cases."