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According to this policy/regulation, unjust vexation (or annoying someone by means of violence, shall seize anything belonging to his debtor for the purpose of applying the same to the payment of the debt) is punishable by imprisonment ranging from 1 day to 30 days and/or a fine of PHP 1,000.00 to PHP 40,000.00.

A.) SEC Memorandum Circular No. 18, Series of 2019 B.) Article 287 of the Philippine Revised Penal Code C.) Senate Bill No. 1277 D.) BSP Circular No. 915

According to this policy/regulation, unfair collection practices include: use or threat of violence or other criminal means to harm a person, use of threats to take any action that cannot legally be taken, and use of obscenities and profanities when talking to a borrower.

A.) Senate Bill No. 1277 B.) Article 287 of the Philippine Revised Penal Code C.) BSP Circular No. 915 D.) SEC Memorandum Circular No. 18, Series of 2019

An account is considered past due even without any missed contractual payments and/or there is evidence that full repayment of principal and interest is unlikely without foreclosure of collateral, if any True

False

The Disclosure Statement on Loan/Credit Transaction is an enforcement of the Truth in Lending Act. True

False

In a Provision Matrix, an entity would apply different loss rates depending on the number of days that a trade receivable is past due - usually categorized by 30, 60, 90, and 91+ days. True

False

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