general banking act of 2000

8/20/2019 General Banking Act of 2000

1/915

REPUBLIC ACT

NO.8791

AN ACTPROVIDI

NG FORTHEREGULATION OF

THEORGANIZATION

ANDOPERATIONS OFBANKS,QUASI-BANKS,TRUSTENTITIES ANDFOR

OTHERPURPOS

ES

CHAPTE

R I

TITLE

AND

CLASSIFI

CATION

OF

BANKS

Sec 1. Title. Theshorttitle of this Actshall be“TheGeneralBanking

Law of 2000."(1a)

Sec. 2.eclar


2/915

ation!f

olic#.$

TheStaterecogni%esthe&italroleof banks'ro&iinganen

&ironentcon


3/915

*ci&eto

thes*stainee&elo'entof thenationalecono#anthe+

*ciar#nat*reof


4/915

banking

thatre,*ireshighstanarsof integrit#an'erforance.-nf*rther

ancethereof


5/915

theStates

hall'rooteanaintainastableane/cientbankingan+n

ancials#steth


6/915

atisglobal

l#co'etiti&e#naicanres'onsi&etotheeansof ae

&elo'ingeco


7/915

no#.

Sec. .

e+nition anlassi+cation of Banks. $

.1."Banks"shallrefertoentitiesengageintheleni

ngof f*nsobt


8/915

aineinth

eforof e'osits.

.2.Banksshallbeclassi+einto

(a)

3

ni&ersal


9/915

banks4

(b)

oerc

ial

banks4

(

c)

Thrif t

ban

ks

co'o


10/915

se

of

(i)

Sa&ings

an

ortgage

banks4

(ii)

Stock

sa&


11/915

ings

a

n

loan

assoc

iations4

an

(iii)

ri&ate

e&elo'e


12/915

nt

ban

ks

as

ef ine

in

the

5e'*

blic

Act

6o.

7809

(her


13/915

eaf ter

the

“

Thrif t

Banks

Act:)4

()

5*ral

ban

ks

as

e


14/915

f ine

in

5e'*blic

A

ct

6o.

7S

(

hereaf ter

the

"5*ral

B


15/915

anks

A

ct")4

(e)

o

o'erati&e

ban

ks

as

ef ine

in

5e'*


16/915

blic

A

ct

6o

98;

(h

ereaf ter

the

"oo'erati&e

oe")4


17/915

(f )

-s

laic

banks

a

s ef ine

in

5e'*blic

Act

6o.

9;<;


18/915

other

wise

known

as

the

“harter

of

Al

Aanah

-slaic


19/915

-n&est

ent

Bank

of

the

hili''in

es:4

an

(g)

!ther

cl


20/915

assif i

cations

of

ba

nks

as

eter

ine

b#

the

=

onetar#

B


21/915

oar

o

f the

Bangko

Sentral

ng

i

li'inas.

CHAPTE

R II

AUTHORI

TY OF

THEBANGKO

SENTRAL

Sec.


22/915

sor#ow

ers. Theo'erationsanacti&itiesof banksshallbes*b>ecttos*

'er&isionof the


23/915

Bangko

Sentral.“S*'er&ision:shallincl*ethefollowing

<.1.

The

iss*ance


24/915

of

r*

les

of

con*

ct

or

the

est

ablishent

st

anars

o


25/915

f

o'er

ation

f or

*ni

f or

a''licat

ion

to

all

in

stit*tion


26/915

s

or

f

*nctions

co&e

re

taking

i

nto

consiera

tion

the


27/915

istin

cti&e

charact

er

of

the

o'e

rations

of

in

stit*tions


28/915

an

t

he

s*bstanti&

e siilaritie

s of

s'ecif ic

f *nction


29/915

s

to

w

hich

s*ch

r*l

es

oes

or

stanars

are

to

be

a'


30/915

'lie4

<.2.

The

con

*ct

of

e?ai

nation

to

et

erine

co


31/915

'lian

ce

with

laws

an

reg*latio

ns

if

the

cir

c*stance


32/915

s

so

w

arrant

as

et

erine

b#

th

e =onetar#

Bo

ar4

<.


33/915

.

!&er

seeing

to

asc

ertain

that

l

aws

an

reg*l

ations

ar


34/915

e

co'

lie

with4

<

.<

.

5eg*lar

i

n&estigation

which

sha


35/915

ll

not

be

of tener

t

han

once

a

#e

ar

f ro

the

l

ast

ate


36/915

of

e?a

ination

to

eterine

whet

her

an

instit

*tion

is


37/915

con*c

ting

its

b*si

ness

on

a

saf

e or

so*n

ba

sis

ro&


38/915

ie

That

the

ef i

ciencies@irre

g*larities

f o

*n

b#

or


39/915

isco

&ere

b#

an

a

*it

shall

be

ieiatel#

aresse


40/915

4

<.

. -n,*iring

i

nto

the

sol&e

nc#

an

li,*i

it#

of

t


41/915

he

ins

tit*tion4

or


42/915

ion.

T

heBangkoSentralshallalsoha&es*'er&isiono&ertheo'er

ationsof ane


43/915

?ercisere

g*lator#'owerso&er,*asi$bankstr*stentitiesanother+na

ncialinstit*tion


44/915

swhich*

ners'eciallawsares*b>ecttoBangkoSentrals*'er&ision.

C

orthe'*r'ose


45/915

sof thisAct

“,*asi$banks:shallrefertoentitiesengageintheborrowin

gof f*nsthro*


46/915

ghtheiss

*anceenorseentorassignentwithreco*rseoracce'tanceof

e'osits*b


47/915

stit*tesa

se+neinSection8of 5e'*blicAct6o.79(hereaf terthe“6

ewentralBa


48/915

nkAct:)fo

r'*r'osesof re$leningor'*rchasingof recei&ablesanother

obligations.


49/915

Sec..olic#i

rection45atioseilingsanLiitations.D

TheBangkoSentrals

hall'ro&ie'


50/915

olic#irect

ionintheareasof one#bankingancreit.

Corthis'*r'oseth

e=onetar#Bo


51/915

ara#'r

escriberatiosceilingsliitationsorotherforsof reg*lationonth

eiE erentt#'e


52/915


53/915

onf ortoin

ternationall#acce'testanarsincl*ingof theBankfor-nternatio

nalSettleent


54/915

s(B-S).

Th

e=onetar#Boara#e?e't'artic*larcategoriesof transactio

nsfros*ch


55/915

ratioscei

lingsanliitationsb*tnotliitetoe?ce'tionalcasesortoen

ableabankor


56/915

,*asi$b

ank*nerrehabilitationor*ringaergerorconsoliationtocontin

*einb*siness


57/915

withsaf et

#toitscreitorse'ositorsanthegeneral'*blic.

Sec. 9.A*thorit#

tongageinB


58/915

ankinga

nF*asi$BankingC*nctions.$6o'ersonorentit#shallenga

geinbanking


59/915

o'eration

sor,*asi$bankingf*nctionswitho*ta*thorit#frotheBangko

Sentralro&i


60/915

ehowe

&er

Thatanentit#a*thori%eb#theBangkoSentralto'erfor

*ni&ersalorco


61/915

ercialb

ankingf*nctionsshalllikewiseha&ethea*thorit#toengagein

,*asi$banki


62/915

ngf*nctio

ns.

Theeterinationof whethera'ersonorentit#is'erforingb

ankingor,*a


63/915

si$banki

ngf*nctionswitho*tBangkoSentrala*thorit#shallbeecie

b#the=onet


64/915

ar#Boar.

Toresol&es*chiss*ethe=onetar#Boara#4thro*ghthea''ro

'riates*'er&isi


65/915

ngane

?aininge'artentof theBangkoSentrale?aineins'ector

in&estigatethe


66/915

booksan

recorsof s*ch'ersonorentit#.3'oniss*anceof thisa*thorit

#s*ch'erso


67/915

norentit#

a#coencetoengageinbankingo'erationsor,*asi$ba

nkingf*nction


68/915

anshal

lcontin*etooso*nlesss*cha*thorit#issooners*rrenere

re&okes*s


69/915

'ene

orann*lleb#theBangkoSentralinaccorancewiththisActoroth

ers'eciallaws.


70/915

Thee

'artentheaanthee?ainersof thea''ro'riates*'er&ising

ane?ainin


71/915

ge'art

entarehereb#a*thori%etoainisteroathstoan#s*ch'ers

one'lo#ee


72/915

o/ceror

irectorof an#s*chentit#antoco'elthe'resentationor'ro*

ctionof s*chb


73/915

ookso

c*ents'a'ersorrecorsthatarereasonabl#necessar#toascer

tainthefactsrela


74/915

ti&etothe

tr*ef*nctionsano'erationsof s*ch'ersonorentit#.Cail*reorre

f*saltoco'l#


75/915

withthere,

*ire'resentationor'ro*ctionof s*chbooksoc*ents'a'

ersorrecorswi


76/915

thinareas

onabletieshalls*b>ectthe'ersonsres'onsibletheref oretoth

e'enalsanct


77/915

ions'ro&i

e*nerthe6ewentralBankAct.

ersonsorentitiesfo*n

tobe'erfor


78/915

ingbanki

ngor,*asi$bankingf*nctionswitho*ta*thorit#frotheBangk

oSentralshal


79/915

lbes*b>

ecttoa''ro'riatesanctions*nerthe6ewentralBankActan

othera''licabl


80/915

elaws.

Sec.7.

?ainationb#theBangkoSentral.D

TheBangkoSentralsh

allwhene?a


81/915

iningab

ankha&ethea*thorit#toe?aineanenter'risewhichiswholl#or

a>orit#$owne


82/915

orcontro

lleb#thebank.

CHAPTE

R III

ORGANI

ZATION,

MANAGE

MENT

AND

ADMINIS

TRATION

OF

BANKS,

QUASI-

BANKS

AND

TRUST

ENTITIES

Sec.;.!rgani%ation.D

T

he=onetar#B


83/915

oara#

a*thori%etheorgani%ationof abankor,*asi$banks*b>ecttothe

followingcon


84/915

itions

;.1

That

the

entit#

is

a

s

tock

cor'orat

ion4

;.2


85/915

That

its

f *ns

are

obtaine

f ro

the

'*blic

which

sh


86/915

all

e

an

twent#

(20

) or

ore

'er

sons4

an

;.

That

th


87/915

e

ini

*

ca'ital

r

e,*ireents

'

rescribe

b#

the

=onet


88/915

ar#

Bo

ar

f or

each

categor#

of

b

anks

are

sati

sf ie.6o


89/915

new

co

ercial

bank

shall

be

est

ablishe

with

in

three


90/915

()

#e

ars

f ro

the

ef f ecti&it#

o

f this

Act.

-

n the

e?e


91/915

rcise

of

the

a*thor

it#

grante

h

erein

the

=o

netar#

Bo


92/915

ar

sh

all

take

into

consieratio

n their

ca'ab

ilit#

in


93/915

ters

of

their

f ina

ncial

reso*rc

es

an

techni

cal

e?'er


94/915

tise

a

n

integrit#.

The

bank

lic

ensing

'roces

s shall

i


95/915

ncor'o

rate

an

asses

sent

of

the

banks

owners

hi'

str*c


96/915

t*re

irectors

an

senior

anag

eent

its

o'

erating

'


97/915

lan

an

internal

co

ntrols

as

wel

l as

its

'ro

>

ecte

f in


98/915

ancial

conition

an

ca'ital

bas

e.

Sec.8.-ss*anceof

Stocks.D

The=


99/915

onetar#B

oara#'rescriber*lesanreg*lationsonthet#'esof stockab

anka#iss*


100/915

eincl*in

gthetersthereof anrightsa''*rtenanttheretotoeterineco

'liancewithlaw


101/915

sanreg

*lationsgo&erningca'italane,*it#str*ct*reof banks4ro&ie

Thatbankss


102/915

halliss*

e'ar&al*estocksonl#.

Sec.10. Treas*r#Stocks.D6obankshall'*r

chaseorac,


103/915

*ireshare

sof itsownca'italstockoracce'titsownsharesasasec*rit#

foraloane?ce


104/915

'twhena

*thori%eb#the=onetar#Boarro&ie

Thatine&er#casethe

stockso'*rc


105/915

haseor

ac,*ireshallwithinsi?(9)onthsfrothetieof its'*rchase

orac,*isition


106/915

besolor

is'oseof ata'*blicor'ri&atesale.

Sec.11.CoreignStockholingsD

Coreignini&i


107/915

*alsan

non$bankcor'orationsa#ownorcontrol*'tofort#'ercent(<0

H)of the&oting


108/915

stockof a

oesticbank.

Thisr*leshalla''l#toCili'inosanoesticno

n$bankcor'or


109/915

ations.

T

he'ercentageof foreign$owne&otingstocksinabankshallbe

eterineb#


110/915

theciti%e

nshi'of theini&i*alstockholersinthatbank.

Theciti%enshi'

of thecor'oratio


111/915

nwhichis

astockholerinabankshallfollowtheciti%enshi'of thecontro

llingstockhol


112/915

ersof the

cor'orationirres'ecti&eof the'laceof incor'oration.

Sec.12.Stockholi

ngsof Cail#G


113/915

ro*'sof 5

elate-nterests.DStockholingsof ini&i*alsrelatetoeachother

withinthefo*rth


114/915

egreeof c

onsang*init#ora/nit#legitiateorcoon$lawshallbecon

sierefail#


115/915

gro*'sor

relateinterestsan*stbef*ll#iscloseinalltransactionsb#

s*chcor'orat


116/915

ionsorrela

tegro*'sof 'ersonswiththebank..

Sec. 1.or'orateStockholing

s.$

Twoorore


117/915

cor'oratio

nsowneorcontrolleb#thesaefail#gro*'orsaegro*'

of 'ersonssh


118/915

allbeco

nsiererelateinterestsan*stbef*ll#iscloseinalltransa

ctionsb#s*c


119/915


120/915

.D

TheS

ec*ritiesan?changeoissionshallnoregisterthearticle

sof incor'oratio


121/915

nof an#b

ankoran#aenentthereto*nlessacco'anieb#acerti+c

ateof a*thorit#


122/915

iss*eb

#the=onetar#Boar*neritsseal.S*chcerti+cateshallnot

beiss*e*nl


123/915

essthe=o

netar#Boarissatis+efrothee&iences*bittetoit

1<.

1.

That

a


124/915

ll

re,

*ireents

of

e?isting

laws

an

reg*lati

ons

to

en


125/915

gage

i

n the

b*sines

s f or

which

t

he

a''licant

is

'ro'os


126/915

e

to

be

incor'orat

e

ha&e

been

co'lie

with

4

1<.2.


127/915

That

the

'*blic

in

terest

an

ec

onoic

conit

ions

bot


128/915

h

gene

ral

an

local

>*stif #

the

a*thori%atio

n4

an


129/915

1<..

That

the

ao*

nt

of

ca'ital

the

f inanci

ng

organ


130/915

i%atio

n

irection

an

ainistr

ation

as

wel

l as

the


131/915

integr

it#

an

res'o

nsibilit#

of

the

organi%er

s an

a


132/915

inistr

ators

reasona

bl#

ass*re

th

e saf et#

of

e'osits

a


133/915


134/915

issio

n shall

not

r

egister

the

b

#$laws

of

an#

bank

or


135/915

an#

a

enent

ther

eto

*nless

a

cco'anie

b#

a

certif


136/915

icate

of

a*thorit#

f ro

the

Bang

ko

Sentral.

Sec. 1.

Boarof irectors.


137/915

$ The'ro

&isionsof theor'orationoetothecontrar#notwithstaningthere

shallbeatlea


138/915

st+&e()

anaa?i*of +f teen(1)ebersof theboarorirectorsof aba

nktwo(2)of w


139/915

hoshal

lbeine'enentirectors.An"ine'enentirector"shalle

ana'ersonot


140/915

herthana

no/cerore'lo#eeof thebankitss*bsiiariesora/liatesorrela

teinterests..


141/915

6on$Cili'in

ociti%ensa#becoeebersof theboarof irectorsof aban

ktothee?tentof


142/915

theforeign

'artici'ationinthee,*it#of saibank.

Theeetingsof theboar

of irectorsa#


143/915

becon

*ctethro*ghoerntechnologiess*chasb*tnotliiteto

teleconf erenci


144/915

ngan&i

eo$conf erencing.

Sec. 19.Citanro'er5*le.$

Toaintainthe,*alit#

of bankana


145/915

geenta

naE orbetter'rotectiontoe'ositorsanthe'*blicingeneralth

e=onetar#Bo


146/915

arshall

'rescribe'ass*'onanre&iewthe,*ali+cationsanis,*ali+

cationsof ini&i


147/915

*alsele

cteora''ointebankirectorsoro/cersanis,*alif #those

fo*n*n+t.


148/915

Af ter*e

noticetotheboarof irectorsof thebankthe=onetar#Boara#i

s,*alif #s*s


149/915

'enorre

o&ean#bankirectororo/cerwhocoitsoroitsanactwhi

chrenerhi*


150/915

n+tforthe

'osition.-neteriningwhetheranini&i*alis+tan'ro'ertohol

the'ositionof


151/915

airectoror

o/cerof abankregarshallbegi&entohisintegrit#e?'erience

e*cationtrai


152/915

ningan

co'etence.

Sec. 17.irectorsof =ergeoronsoliateBanks. $-nthe

caseof aban


153/915

kergeror

consoliationthen*berof irectorsshallnote?ceetwent#$on

e(21)..

Sec. 1;.o


154/915

'ensat

ionan!therBene+tsof irectorsan!/cers.

To'rotectthe+nsof

e'ositorsan


155/915

creitors

the=onetar#Boara#reg*latethe'a#entb#thebarktoitsire

ctorsano/c


156/915

ersof co

'ensationallowancefeesbon*sesstocko'tions'ro+tsharin

ganfringeb


157/915

ene+tso

nl#ine?ce'tionalcasesanwhenthecirc*stanceswarrants

*chasb*tnot


158/915

liiteto

thefollowing

1;.1.

Ihen

a

bank

is

*ner

co

'trollersh


159/915

i'

or

conser&atorsh

i'4

or

1;.2.

Ihen

a

bank

is

f o*n


160/915

b#

the

=onetar#

Boa

r

to

be

con

*cting

b*sine

ss

in

an


161/915

*nsaf e

or

*nso*n

anner4

or

1;

..

Ihen

a

ba

nk

is

f o*


162/915

n

b#

the

=onetar#

Boar

to

be

i

n an

*nsatisf

actor#

f i


163/915

nancia

l conition.

Sec. 18.rohibitionon*blic!/cials.$?ce'tasot

herwise'ro&i


164/915

einthe5

*ralBanksActnoa''ointi&eorelecti&e'*blico/cialwhetherf*ll$ti

eor'art$tie


165/915

shallatth

esaetieser&easo/cerof an#'ri&atebanksa&eincases

wheres*chs


166/915

er&iceisin

cientto+nancialassistance'ro&ieb#thego&ernentorago

&ernentown


167/915

eorcont

rollecor'orationtothebankor*nlessotherwise'ro&ie*nere

?istinglaws.


168/915

Sec. 20.BankBr

anches.$3ni&ersalorcoercialbanksa#o'enbranchesor

othero/ceswi


169/915

thinoro*tsi

ethehili''ines*'on'riora''ro&alof theBangkoSentral.Br

anchingb#al


170/915

lotherba

nksshallbego&erneb#'ertinentlaws.

Abanka#s*b>ect

to'riora''ro&


171/915

alof the=o

netar#Boar*sean#orallof itsbranchesaso*tletsforthe'res

entationan@or


172/915

saleof the

+nancial'ro*ctsof itsallie*nertakingorof itsin&estentho

*se*nits.


173/915

Abanka

*thori%etoestablishbranchesorothero/cesshallberes'on

sibleforallb*


174/915

sinessco

n*cteins*chbranchesano/cestothesaee?tentan

inthesaea


175/915

nnerasth

o*ghs*chb*sinesshaallbeencon*cteintheheao/

ce.Abankan


176/915

itsbran

chesano/cesshallbetreateasone*nit..

Sec. 21.Banking

a#sanJo*r


177/915

s.D3nless

otherwisea*thori%eb#theBangkoSentralintheinterestof theba

nking'*blic


178/915

allbanks

incl*ingtheirbranchesano/cesshalltransactb*siness

onallworking


179/915

a#sforat

leastsi?(9)ho*rsaa#.-naitionbanksoran#of theirbranche

soro/cesa


180/915

#o'enfo

rb*sinessonSat*ra#sS*na#sorholia#sforatleastthree()h

o*rsaa#ro


181/915

&ie

Th

atbankswhicho'ttoo'enona#sotherthanworkinga#sshallre

'orttotheBan


182/915

gkoSent

raltheaitionala#s*ringwhichthe#ortheirbranchesoro/c

esshalltran


183/915

sactb*si

ness.

Cor'*r'osesof thisSectionworkinga#sshallean=on

a#stoCria#s


184/915

e?ce'tif s

*cha#sareholia#s.

Sec. 22.StrikesanLocko*ts.$

Thebanking

in*str#ishere


185/915

b#eclar

easinis'ensabletothenationalinterestannotwithstaningth

e'ro&isionsof


186/915

an#lawto

thecontrar#an#strikeorlocko*tin&ol&ingbanksif *nsettleaf

terse&en(7)


187/915

calenar

a#sshallbere'orteb#theBangkoSentraltotheSecretar#of L

aborwhoa#


188/915

ass*e

>*

risictiono&ertheis'*teorecieitorcertif #thesaetothe6atio

nalLabor5elat


189/915


190/915

#atan#ti

einter&eneanass*e

>*risictiono&ers*chlaboris'*teinor

ertosettleorte


191/915

rinateth

esae.

CHAPTE

R IV

DEPOSIT

S.

LOANS

AND

OTHER

OPERATI

ONS

Art!"#I.

O$#r%t&'( O) U'*#r(

%"B%'+(

Sec. 2.owersof a3ni&ersalBa

nk$A*ni&ers


192/915

albanks

hallha&ethea*thorit#toe?erciseinaitiontothe'owersa*th

ori%eforaco


193/915

ercialb

ankinSection28the'owersof anin&estentho*seas'ro&ie

ine?istinglaw


194/915

santhe

'owertoin&estinnon$allieenter'risesas'ro&ieinthisAct.

Sec. 2


195/915

entsof a3

ni&ersalBank.DA*ni&ersalbanka#s*b>ecttotheconitions

stateinthes*


196/915

cceeing

'aragra'hin&estinthee,*itiesof allieannon$allieenter'ris

esasa#be


197/915

eterine

b#the=onetar#Boar.Allieenter'risesa#eitherbe+nancial

ornon$+nanci


198/915

al.

?ce

'tasthe=onetar#Boara#otherwise'rescribe

2<.1.

The

total

in


199/915

&este

nt

in

e,*itie

s of

allie

a

n

non$allie

enter'ri


200/915

ses

sh

all

not

e?cee

f if t#

'erce

nt

(0H)

of

t

he

net

wo


201/915

rth

of

the

bank4

an

2<.2.

The

e,*it#

in&est

ent

in

a


202/915

n#

one

enter'rise

whether

allie

or

non$alli

e

shall


203/915

not

e

?cee

twent#$

f i&e

'ercent

(2H)

of

the

net

worth


204/915

of

th

e bank.

As*se

inthisAct“networth:

shalleanthetotalof the*ni'aire


205/915

'ai$inca

'italincl*ing'ai$ins*r'l*sretaineearningsan*ni&ie'r

o+tnetof &al*


206/915

ationreser

&esanothera>*stentsasa#bere,*ireb#theBangkoS

entral.

Theac


207/915


208/915

chshall

'ro*lgatea''ro'riateg*ielinestogo&erns*chin&estents..

Sec. 2.,*it#-n&e


209/915

stentsof

a3ni&ersalBankinCinancialAllienter'rises.$A*ni&ersalban

kcanown*'


210/915

tooneh*

nre'ercent(100H)of thee,*it#inathrif tbankar*ralbankora

+nancialallie


211/915

enter'ris

e.

A'*blicl#$liste*ni&ersalorcoercialbanka#own*'toon

eh*nre'er


212/915

cent(100

H)of the&otingstockof onl#oneother*ni&ersalorcoercialban

k.

Sec. 29.,*it#-n&


213/915

estents

of a3ni&ersalBankin6on$CinancialAllienter'rises.DA*ni&ers

albanka#o


214/915

wn*'too

neh*nre'ercent(100H)of thee,*it#inanon$+nancialallie

enter'rise.

Sec. 27.,


215/915

*it#-n&est

entsof a3ni&ersalBankin6on$Allienter'rises.$

Thee,*it#in

&estentof a*


216/915


217/915

shallnot

e?ceethirt#$+&e'ercent(H)of thetotale,*it#inthatenter'risen

orshallite?ce


218/915

ethirt#$+

&e'ercent(H)of the&otingstockinthatenter'rise.

Sec. 2;.,*it#-n&e

stentsinF*a


219/915

si$Banks.

D To'rooteco'etiti&econitionsin+nancialarketsthe=on

etar#Boara


220/915

#f*rtherli

ittofort#'ercent(<0H)e,*it#in&estentsof *ni&ersalbanksin,

*asi$banks.


221/915

Thisr*les

hallalsoa''l#inthecaseof coercialbanks.

Art!"#II.O$#r%t&'( O) C&#r

!%"B%'+(

Sec. 28.

owersof ao


222/915

ercialBa

nk.$Acoercialbankshallha&einaitiontothegeneral'o

wersincientto


223/915

cor'oratio

nsalls*ch'owersasa#benecessar#tocarr#ontheb*sine

ssof coercial


224/915

banking

s*chasacce'tingraf tsaniss*inglettersof creit4isco*ntinga

nnegotiatin


225/915

g'roiss

or#notesraf tsbillsof e?changeanothere&iencesof ebt4a

cce'tingorcreat


226/915

ingea

ne'osits4recei&ingothert#'esof e'ositsane'osits*

bstit*tes4b*#i


227/915

ngans

ellingforeigne?changeangolorsil&erb*llion4ac,*iringark

etablebons


228/915

another

ebtsec*rities4ane?teningcreits*b>ecttos*chr*lesasth

e=onetar#Bo


229/915

ara#'r

o*lgate.

Theser*lesa#incl*etheeterinationof bonsan

otherebtse


230/915

c*ritiesel

igibleforin&estenttheat*ritiesanaggregateao*ntof s*c

hin&estent.


231/915

Sec. 0.,*it#

-n&estentsof aoercialBank.$Acoercialbanka#s*b>

ecttotheconi


232/915

tionsstat

einthes*cceeing'aragra'hsin&estonl#inthee,*itiesof alli

eenter'rises


233/915

asa#b

eeterineb#the=onetar#Boar.Allieenter'risesa#eitherb

e+nancialorn


234/915

on$+nan

cial..

?ce'tasthe=onetar#Boara#otherwise'rescribe

0.1.

The


235/915

total

in&estent

in

e,*ities

of

allie

enter'

rises

sha


236/915

ll

not

e?cee

thirt

#$f i&e

'ercen

t (H)

of

th

e net

wor


237/915

th

of

the

bank4

an

0.2.

The

e

,*it#

in&est

ent

in

an


238/915

#

one

enter'rise

sh

all

not

e?cee

twent#$f i&e

'ercent


239/915

(2H)

of

tile

net

w

orth

of

the

b

ank.

Theac,*isi

tionof s*che


240/915

,*it#ore,

*itiesiss*b>ecttothe'riora''ro&alof the=onetar#Boarwhichs

hall'ro*lgat


241/915


242/915

alBankin

CinancialAllienter'rises.$Acoercialbanka#own*'too

neh*nre'


243/915

ercent(10

0H)of thee,*it#of athrif tbankorar*ralbank.

Iherethee,*it#in

&estentof ac


244/915

oercial

bankisinother+nancialallieenter'risesincl*inganotherco

ercialbanks


245/915

*chin&e

stentshallreainainorit#holinginthatenter'rise.

Sec. 2.,*it#-n&

estentsof a


246/915

oercial

Bankin6on$CinancialAllienter'rises.$Acoercialbanka

#own*'toon


247/915

eh*nre

'ercent(100H)of thee,*it#inanon$+nancialallieenter'rise.

Art!"#III.

Pr&*(&'(

A$$"!%"# T&

A""B%'+(,Q%(-


248/915

B%'+(,A'/Tr(t

E'tt#(

Sec. .

Acce'tanceof eane'osits. $Abankotherthana*ni&ersal

orcoercialb


249/915

ankcan

notacce'torcreateeane'ositse?ce't*'on'riora''ro&al

of ans*b>e


250/915


251/915

sea'i

tal.$

The=onetar#Boarshall'rescribetheini*ratiowhic

hthenetworthof


252/915

abank

*stbeartoitstotalriskassetswhicha#incl*econtingentacco*

nts.

Cor'*r'o


253/915

sesof this

Sectionthe=onetar#Boara#re,*ires*chratiobeeterine

onthebasisof


254/915

thenetwor

thanriskassetsof abankanitss*bsiiaries+nancialorotherwi

seaswellas


255/915

'rescribe

theco'ositionantheannerof eteriningthenetworthanto

talriskassetsof


256/915

banksan

theirs*bsiiariesro&ie

Thatinthee?erciseof thisa*thorit#th

e=onetar#Bo


257/915

arshall

tothee?tentfeasibleconf ortointernationall#acce'testanarsin

cl*ingthose


258/915

of theBan

kfor-nternationalSettleents(B-S)relatingtorisk$baseca'ital

re,*ireentsr


259/915

o&ief*

rther

Thatita#alterors*s'enco'liancewiths*chratiow

hene&ernec


260/915

essar#for

aa?i*'erioof one(1)#earro&ie+nall#

Thats*chra

tioshallbea


261/915

''lie*ni

forl#tobanksof thesaecategor#..

-ncaseabankoesnot

co'l#withthe


262/915

'rescribe

ini*ratiothe=onetar#Boara#liitor'rohibittheistrib

*tionof net'ro+t


263/915

sb#s*c

hbankana#re,*irethat'artorallof thenet'ro+tsbe*setoin

creasetheca


264/915


265/915

a#f*rt

herorerestrictor'rohibittheac,*isitionof a>orassetsanthea

kingof newin&


266/915

estents

b#thebankwiththee?ce'tionof '*rchasesof reail#arketablee

&iencesof in


267/915

ebten

essof the5e'*blicof thehili''inesanof theBangkoSentrala

nan#othere


268/915

&ience

sof inebtenessorobligationstheser&icinganre'a#entof whi

charef*ll#g*


269/915

arantee

b#the5e'*blicof thehili''ines*ntiltheini*re,*ireca'i

talratiohasb


270/915

eenrestor

e.

-ncaseof abankergerorconsoliationorwhenabankis*

nerrehabilitat


271/915

ion*ner

a'rograa''ro&eb#theBangkoSentral=onetar#Boara

#te'oraril#re


272/915

lie&ethe

s*r&i&ingbankconsoliatebankorconstit*entbankorcor'

orations*ner


273/915

rehabilitat

ionfrof*llco'liancewiththere,*ireca'italratio*ners*ch

conitionsa


274/915

sita#'r

escribe.Bef oretheeE ecti&it#of r*leswhichthe=onetar#Boarisa

*thori%eto're


275/915

scribe*n

erthis'ro&isionSection22of theGeneralBankingActasaen

eSection8


276/915

of the

Thrift

BanksActanall'ertinentr*lesiss*e'*rs*anttheretoshall

contin*etobe


277/915

inforce.

Sec. .

LiitonLoansreitAccooationsanG*arantees.D

.1.

?ce'


278/915


279/915

asons

of

national

i

nterest

the

total

ao*nt

of

loans


280/915

crei

t accooati

ons

an

g*ara

ntees

as

a#

be

ef ine


281/915

b#

t

he

=onetar#

B

oar

that

a#

be

e?tene

b#

a

bank


282/915

to

an

# 'erson

'ar

tnershi'

ass

ociation

cor

'oration


283/915

or

oth

er

entit#

sha

ll

at

no

tie

e?cee

twent

# 'ercent


284/915

(20H)

of

the

net

w

orth

of

s*ch

bank.

The

bas

is

f or

e


285/915

terin

ing

co'lianc

e with

single

borrower

li

it

is

the


286/915

total

creit

coi

tent

of

the

bank

to

the

b

orrower.


287/915

.2

. 3nless

the

=onetar#

Boar

'rescribes

otherwise


288/915

the

total

ao*nt

of

loans

cre

it

accooa

tions

an


289/915

g*ara

ntees

'rescri

be

in

the

'r

eceing

'arag

ra'h

a#


290/915

be

inc

rease

b#

an

aitional

te

n 'ercent

(10

H)

of

the


291/915

net

w

orth

of

s*ch

bank

'ro&ie

the

aition

al

liabil


292/915

ities

of

an#

borrow

er

are

ae,*a

tel#

sec*re

b#

tr*st


293/915

recei'

ts

shi''ing

oc*ents

wa

reho*se

recei

'ts

or

oth


294/915

er

si

ilar

oc*ent

s transf errin

g or

sec*ring

title

co


295/915

&ering

reail#

ark

etable

non$'

erishable

goo

s

which


296/915

*st

be

f *ll#

co&ere

b#

ins*ranc

e.

..

The

abo&e

'r


297/915

escrib

e

ceilings

s

hall

incl*e

(a)

the

ire

ct

liabili


298/915

t#

of

the

aker

or

acce'tor

of

'

a'er

isco*nt

e

with

o


299/915

r

sol

to

s*ch

bank

an

the

liab

ilit#

of

a

ge

neral

en


300/915

orser

rawer

or

g*

arantor

who

o

btains

a

loan

or

other


301/915


302/915

sells

'a'ers

to

s*c

h bank4

(b)

i

n the

case

of

an

ini&


303/915

i*al

who

owns

or

c

ontrols

a

a

>

orit#

interes

t in

a

co


304/915

r'orat

ion

'artners

hi'

associat

ion

or

an#

ot

her

entit#


305/915

the

liabilities

o

f sai

entiti

es

to

s*ch

ba

nk4

(c)

i


306/915

n

the

case

of

a

cor

'oration

all

liabilities

to

s*ch

b


307/915

ank

of

all

s*bsiia

ries

in

which

s*ch

cor'ora

tion

owns


308/915

or

co

ntrols

a

a

>o

rit#

interest

4 an

()

in

the

case


309/915

of

a

'

artnershi'

a

ssociation

or

other

entit#

the

lia


310/915

biliti

es

of

the

e

bers

thereof

to

s*ch

bank.

.<.


311/915

&en

if

a

'arent

cor

'oration

'ar

tnershi'

ass

ociation


312/915

entit

# or

an

ini&

i*al

who

own

s or

controls

a

a

>ori


313/915

t#

int

erest

in

s*ch

entities

has

no

liabilit#

to

the

b


314/915


315/915

of

the

liabilities

of

s*bsiiar#

cor'orations

or

ebe


316/915

rs

of

the

'artnersh

i'

associati

on

entit#

or

s*ch

in


317/915

i&i*a

l *ner

certa

in

circ*stan

ces

incl*in

g b*t

not


318/915

liit

e

to

an#

of

the

f ollowin

g sit*ations

(a)

the


319/915

'aren

t cor'oration

'artnershi'

association

entit#

o


320/915

r

ini

&i*al

g*aran

tees

the

re'a

#ent

of

the

liabiliti


321/915

es4

(b

) the

liabili

ties

were

inc

*rre

f or

the

accoo


322/915

ation

of

the

'arent

cor'oration

or

another

s*

bsiiar#


323/915

or

of

the

'artnersh

i'

or

associa

tion

or

entit

# or

s*ch


324/915

ini&

i*al4

or

(c)

the

s*bsiia

ries

tho*gh

s

e'arate

e


325/915

ntitie

s o'erate

er

el#

as

e'art

ents

or

i&i

sions

of


326/915

a

sing

le

entit#.

..

Cor

'*r'

oses

of

this

Section


327/915

loans

other

creit

accooatio

ns

an

g*aran

tees

shall


328/915

e?cl*

e

(a)

loans

an

other

cr

eit

accoo

ations

se


329/915

c*re

b#

obligation

s of

the

Bang

ko

Sentral

or

of

the


330/915

hili''

ine

Go&ernen

t4

(b)

loans

an

other

cre

it

acco


331/915

oatio

ns

f *ll#

g*ar

antee

b#

the

go&ernent

a

s to

the


332/915

'a#en

t of

'rinci'a

l an

interes

t4

(c)

loans

an

other


333/915

crei

t accooati

ons

co&ere

b

# assignent

of

e'osi


334/915

ts

ai

ntaine

in

th

e lening

ban

k an

hel

in

the

hil


335/915

i''ine

s4

()

loans

creit

acco

oations

an

acce'tanc


336/915

es

*n

er

letters

of

creit

to

th

e e?tent

co&e

re

b#

a


337/915

rgin

e'osits4

an

(e)

other

loa

ns

or

creit

accooa


338/915

tions

which

the

=on

etar#

Boar

a#

f ro

tie

to

tie


339/915

s'ecif

# as

non$risk

ites.

.9

. Loans

an

o

ther

cre


340/915

it

acc

ooations

e'osits

ain

taine

with

an

*s*al


341/915

g*ara

ntees

b#

a

ba

nk

to

an#

oth

er

bank

or

no

n$bank

en


342/915

tit#

whether

local

l#

or

abroa

shall

be

s*b

>ect

to

t


343/915

he

li

its

as

herein

'rescribe.

.7.

ertain

t#'es

of


344/915

conti

ngent

acco*nt

s of

borrower

s a#

be

incl

*e

aon


345/915

g

thos

e s*b

>ect

to

these

'rescri

be

liits

as

a#

be


346/915

eteri

ne

b#

the

=o

netar#

Boar.

Sec. 9.5estrictiononBa

nk?'os*reto


347/915

irectors!

/cersStockholersan

Their5elate-nterests.$6oirectororo/

cerof an#ban


348/915

kshalli

rectl#orinirectl#forhiself orasthere'resentati&eoragentof other

sborrowfros


349/915

*chban

knorshallhebecoeag*arantorenorserors*ret#forloans

fros*chba


350/915

nktoother

sorinan#annerbeanobligororinc*ran#contract*alliabilit#toth

ebanke?ce't


351/915

withthewrit

tena''ro&alof thea>orit#of alltheirectorsof thebanke?cl*ingth

eirectorconc


352/915

ernero

&ie

Thats*chwrittena''ro&alshallnotbere,*ireforloans

othercreitacc


353/915


354/915

b#theBa

ngkoSentral.

There,*irea''ro&alshallbeentere*'onthe

recorsof theb


355/915

ankan

aco'#of s*chentr#shallbetransitteforthwithtothea''ro'r

iates*'er&isin


356/915

gane?

aininge'artentof theBangkoSentral.

ealingsof abank

withan#of itsi


357/915

rectorso/

cersorstockholersantheirrelateinterestsshallbe*'onter

snotlessfa&or


358/915

abletothe

bankthanthoseoE eretoothers.

Af ter*enoticetotheboarof

irectorsof theb


359/915

anktheo

/ceof an#bankirectororo/cerwho&iolatesthe'ro&isionsof this

Sectiona#b


360/915

eeclare

&acantantheirectororo/cershallbes*b>ecttothe'enal'ro

&isionsof the6


361/915

ewentra

lBankAct.

The=onetar#Boara#reg*latetheao*ntof loa

nscreitacco


362/915

oatio

nsang*aranteesthata#bee?teneirectl#orinirectl#b#

abanktoitsi


363/915

rectorso/

cersstockholersantheirrelateinterestsaswellasin&este

ntsof s*chba


364/915

nkinenter

'risesowneorcontrolleb#saiirectorso/cersstockholer

santheirrela


365/915

teinterest

s.Jowe&ertheo*tstaningloanscreitaccooationsan

g*aranteesw


366/915

hichaba

nka#e?tentoeachof itsstockholersirectorsoro/cersan

theirrelatein


367/915

terestssh

allbeliitetoanao*nte,*i&alenttotheirres'ecti&e*nenc

*beree'


368/915

ositsan

book&al*eof their'ai$inca'italcontrib*tioninthebankro&i

ehowe&er


369/915

Thatloan

screitaccooationsang*aranteessec*reb#assetsc

onsiereas


370/915

non$riskb

#the=onetar#Boarshallbee?cl*efros*chliitro&ie

f*rther

That


371/915

loanscre

itaccooationsana&ancestoo/cersintheforof fring

ebene+tsgra


372/915

nteinacc

orancewithr*lesasa#be'rescribeb#the=onetar#Boars

hallnotbes*


373/915

b>ecttothe

ini&i*alliit.

The=onetar#Boarshalle+netheter“relat

einterests.:


374/915

Theliit

onloanscreitaccooationsang*arantees'rescribeh

ereinshallnot


375/915

a''l#tolo

anscreitaccooationsang*aranteese?teneb#ac

oo'erati&eba


376/915

nktoitsc

oo'erati&eshareholers..

Sec. 7.Loansan!therreitAccoo

ationsAgain


377/915

st5ealst

ate.D?ce'tasthe=onetar#Boara#otherwise'rescribeloans

anothercrei


378/915

tacco

oationsagainstrealestateshallnote?ceese&ent#$+&e'erc

ent(7H)of the


379/915

a''raise

&al*eof theres'ecti&erealestatesec*rit#'l*ssi?t#'ercent(90

H)of thea''rai


380/915

se&al*

eof theins*rei'ro&eentsans*chloansa#beaeto

theownerof the


381/915

realestate

ortohisassignees.

Sec. ;.LoansAn!therreitAccooationso

nSec*rit#of


382/915

hattelsan

-ntangiblero'erties.$?ce'tasthe=onetar#Boara#otherwi

se'rescribelo


383/915

ansan

othercreitaccooationsonsec*rit#of chattelsanintangibl

e'ro'ertiess


384/915

*chasb

*tnotliiteto'atentstraearkstraenaesanco'#rig

htsshallnote


385/915

?ceese

&ent#$+&e'ercent(7H)of thea''raise&al*eof thesec*rit#a

ns*chloans


386/915

another

creitaccooationa#beaetothetitle$holerof thechatte

lsanintangibl


387/915

e'ro'erti

esorhisassignees.

Sec. 8.Grantan*r'oseof Loansan!therre

itAccoo


388/915

ations.$A

bankshallgrantloansanothercreitaccooationsonl#in

ao*ntsan


389/915

forthe'er

iosof tieessentialfortheeE ecti&eco'letionof theo'erations

tobe+nance


390/915

.S*chgr

antof loansanothercreitaccooationsshallbeconsiste

ntwithsaf ean


391/915

so*nb

anking'ractices.

The'*r'oseof allloansanothercreitacc

ooations


392/915

shallbe

stateinthea''licationaninthecontractbetweenthebankan

theborrower.-f


393/915

thebank

+nsthatthe'roceesof theloanorothercreitaccooationh

a&ebeene


394/915

'lo#ewi

tho*titsa''ro&alfor'*r'osesotherthanthoseagree*'on

withthebankit


395/915

shallha

&etherighttoterinatetheloanorothercreitaccooationan

eani


396/915

eiatere'

a#entof theobligation..

Sec.


397/915

oation

s.$Bef oregrantingaloanorothercreitaccooationabank*

stascertainthatth


398/915

eebtoris

ca'ableof f*l+llinghiscoitentstothebank.

Towarthisen

abanka#


399/915

eanfr

oitscreita''licantsastateentof theirassetsanliabilitiesa

nof theirinco


400/915

eane

?'enit*resans*chinforationasa#be'rescribeb#law

orb#r*lesan


401/915

reg*lation

sof the=onetar#Boartoenablethebankto'ro'erl#e&al*atethe

creita''licat


402/915

ionwhich

incl*esthecorres'oning+nancialstateentss*bittefor

ta?ation'*r'o


403/915

sestothe

B*rea*of -nternal5e&en*e.Sho*ls*chstateents'ro&etobe

falseorincorrect


404/915

inan#at

erialetailthebanka#terinatean#loanorothercreitacco

oationgrant


405/915

eonthe

basisof saistateentsanshallha&etherighttoeani

eiatere'a#


406/915

entorli,

*iationof theobligation.

-nfor*latingr*lesanreg*lations*ner

thisSectionthe


407/915

=onetar#

Boarshallrecogni%ethe'ec*liarcharacteristicsof icro+nan

cings*chas


408/915

cashKo

w$baseleningtothebasicsectorsthatarenotco&ereb#tra

itionalcollate


409/915

ral.

Sec.


410/915

#a*thori%

etoiss*es*chreg*lationsasita#eenecessar#withres'

ectto*nsec*r


411/915

eloans

orothercreitaccooationsthata#begranteb#banks.

Sec.


412/915

5e,*ire

entsforBankreits. $

The=onetar#Boara#b#reg*lation're

scribef*rthers


413/915

ec*rit#re

,*ireentstowhichthe&ario*st#'esof bankcreitsshallbes*

b>ectanina


414/915

ccoranc

ewiththea*thorit#grantetoitinSection109of the6ewentralBa

nkActtheBo


415/915

ara#b

#reg*lationre*cethea?i*ratiosestablisheinSections

9an7of this


416/915

Actorin

s'ecialcasesincreasethea?i*ratiosestablishetherein.

Sec.


417/915

rescribe

Tersanonitionsof Loansan!therreitAccooatio

ns.$

The=on


418/915

etar#Boar

a#siilarl#inaccorancewiththea*thorit#grantetoitinSectio

n109of the6e


419/915

wentral

BankActantakingintoacco*ntthere,*ireentsof theecono

#fortheeE ect


420/915

i&e*tili%at

ionof long$terf*ns'rescribetheat*ritiesaswellasrelateter

sanconi


421/915

tionsfor

&ario*st#'esof bankloansanothercreitaccooations.A

n#changeb


422/915

#theBoar

inthea?i*at*ritiesaswellasrelatetersanconitio

nsfor&ario*s


423/915

t#'esof b

ankloansanothercreitaccooations.An#changeb#th

eBoarinthe


424/915

a?i*

at*ritiesshalla''l#onl#toloansanothercreitaccooatio

nsaeaf ter


425/915

theateof

s*chaction.

The=onetar#Boarshallreg*latetheinteresti'

oseonicro


426/915

+nance

borrowersb#leningin&estorsansiilarlenerss*chasb*tn

otliitetoth


427/915

e*ncon

scionableratesof interestcollecteonsalar#loansansiilarcrei

taccooat


428/915

ions.

Sec.


429/915

e*leof b

ankloansanothercreitaccooationsshallbeaa'te

tothenat*reof th


430/915

eo'eratio

nstobe+nance.

-ncaseof loansanothercreitaccoo

ationswithat*r


431/915

itiesof or

ethan+&e()#ears'ro&isions*stbeaefor'erioicaorti

%ation'a#e


432/915

ntsb*ts*

ch'a#ents*stbeaeatleastann*all#ro&iehowe&

er

Thatwhen


433/915

theborrow

ef*nsaretobe*sefor'*r'oseswhichonotinitiall#'ro*

cere&en*es


434/915

ae,*at

eforreg*laraorti%ation'a#entstheref rothebanka#'er

ittheinitialaor


435/915

ti%ation'

a#enttobeef erre*ntils*chtieassaire&en*esares*/

cientfors*ch


436/915

'*r'ose

b*tinnocaseshalltheinitialaorti%ationatebelaterthan+&e

()#earsfro


437/915

theateo

nwhichtheloanorothercreitaccooationisgrante.

-ncase

of loansanot


438/915

hercreit

accooationstoicro+nancesectorsthesche*leof loana

orti%ationshal


439/915

ltakeinto

consierationthe'ro>ectecashKowof theborroweranao'tth

isintotheters


440/915

ancon

itionsfor*lateb#banks.

Sec.


441/915

oation

s.DAborrowera#atan#tie'riortotheagreeat*rit#ate're'

a#inwholeorin


442/915

'artthe*

n'aibalanceof an#bankloananothercreitaccooatio

ns*b>ecttos*


443/915

chreaso

nabletersanconitionsasa#beagree*'onbetwee

nthebankan


444/915

itsborro

wer.

Sec.


445/915

&ieince

nti&estobankswhichwitho*tgo&ernentg*aranteee?tenloan

sto+nancee


446/915

*cation

alinstit*tionscoo'erati&eshos'italsanothereicalser&ices

sociali%eorlo


447/915

w$costh

o*singlocalgo&ernent*nitsanotheracti&itieswithsocialcont

ent.

Sec.


448/915

os*reof 5

ealstate=ortgage.$-nthee&entof foreclos*rewhether

>*iciall#ore

?tra$

>*iciall#


449/915

of an#or

tgageonrealestatewhichissec*rit#foran#loanorothercreita

ccooation


450/915

granteth

eortgagororebtorwhosereal'ro'ert#hasbeensolforthef*ll

or'artial'a#


451/915

entof hiso

bligationshallha&etherightwithinone#earaf terthesaleof thereal

estatetoreee


452/915

the'ro'

ert#b#'a#ingtheao*nt*e*nertheortgageeewithintere

stthereonatrate


453/915

s'eci+e

intheortgageanallthecostsane?'ensesinc*rreb#th

ebankorinstit


454/915

*tionfro

thesaleanc*sto#of sai'ro'ert#lesstheincoeeri&etheref

ro.Jowe&er


455/915

the'*rc

haseratthea*ctionsaleconcernewhetherina

>*icialore?tra$

>*

icialforeclos*r


456/915

eshallh

a&etherighttoenter*'onantake'ossessionof s*ch'ro'ert#i

eiatel#af te


457/915

rtheate

of thecon+rationof thea*ctionsaleanainisterthesaeina

ccorancewith


458/915

law.An#'

etitioninco*rttoen>oinorrestrainthecon*ctof foreclos*re'rocee

ingsinstit*te


459/915

'*rs*a

nttothis'ro&isionshallbegi&en*eco*rseonl#*'onthe+ling

b#the'etition


460/915

erof abon

inanao*nt+?eb#theco*rtconitionethathewill'a#al

ltheaage


461/915

swhichth

ebanka#s*E erb#theen>oiningortherestraintof theforeclos*re

'roceeing.


462/915

6otwithsta

ningAct1

>*riical'ersonswhose'ro'ert#isbeingsol'

*rs*anttoane


463/915

?tra

>*icial

foreclos*reshallha&etherighttoreeethe'ro'ert#inaccoran

cewiththis'ro&i


464/915

sion*ntil

b*tnotaf tertheregistrationof thecerti+cateof foreclos*resalewithth

ea''licable5


465/915

egisterof

eeswhichinnocaseshallbeorethanthree()onthsaf ter

foreclos*rewhi


466/915

che&eris

earlier.!wnersof 'ro'ert#thathasbeensolinaforeclos*resale

'riortotheeE e


467/915

cti&it#of th

isActshallretaintheirree'tionrights*ntiltheire?'iration.

Sec.


468/915

nsionof L

oansan!therreitAccooations.D

The=onetar#Boar

a#b#reg*latio


469/915

n'rescrib

etheconitionsanliitations*nerwhichabanka#grant

e?tensionsor


470/915

renewals

of itsloansanothercreitaccooations.

Sec.


471/915

e$!E s.$Al

lebts*etoan#bankonwhichinterestis'ast*ean*n'ai

fors*ch'er


472/915

ioasa

#beeterineb#the=onetar#Boar*nlessthesaearewelt$s

ec*reanin


473/915

the'roce

ssof collectionshallbeconsierebaebtswithintheeaning

of thisSection.


474/915

The=on

etar#Boara#+?b#reg*lationorb#orerinas'eci+ccasethe

ao*ntof reser


475/915

&esforb

aebtsoro*btf*lacco*ntsorothercontingencies.IritingoE of

loansothercre


476/915

itacco

oationsa&ancesanotherassetsshallbes*b>ecttoreg*l

ationsiss*e


477/915

b#the=o

netar#Boar.

Sec. 0.=a>or-n&estents.$Corthe'*r'oseorenhancin

gbanks*'er


478/915

&isionthe

=onetar#Boarshallestablishcriteriaforre&iewinga>orac,*isi

tionsof in&est


479/915

entsb#

abankincl*ingcor'oratea/liationsorstr*ct*resthata#e?'o

sethebankto


480/915

*n*eri

sksorinan#wa#hinereE ecti&es*'er&ision.

Sec. 1.eilingon-n&e

stentsinerta


481/915

inAssets.D

An#banka#ac,*irerealestateasshallbenecessar#forits

own*seinthe


482/915

con*ct

of itsb*sinessro&iehowe&er

Thatthetotalin&estentins

*chrealestate


483/915

ani'r

o&eentsthereof incl*ingbanke,*i'entshallnote?cee

+f t#'ercent(0


484/915

H)of co

bineca'italacco*ntsro&ief*rther

Thatthee,*it#in&est

entof�

general banking act of 2000

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