MEMORANDUM FOR : The Head, Financial Institutions Department Za THRU : The AVP/Head, Property Valuation & Credit Information Department SUBJECT _: POST-VALIDATION REPORTS, DATE : February 15, 2021 This is in connection with your Memorandum (copy attached) dated 26 January 2021 regarding the above subject rallying us to be “united in one goal to provide timely and responsive servicing availments/drawings of our Bank clients”. Let it be emphasized that PVCID is exerting all its efforts to accommodate and complete all Post-Validation Reports within the prescribed processing time under CPI 2020-008, despite the utter lack of manpower (CIA/CIS). What made matters worse for this Department is the increased ceiling or maximum numbers of Sub-PNs which was previously at 5% per batch or maximum of 25 Promissory Notes (PNs) per batch. This resulted to yoluminous Sub-PNs to be validated. Also, scanned copies of sub-PNs already validated in PFls/conduits Head Office are no longer allowed. Hence, we have to refer all Sub-borrowers PNs to the nearest PVCID Field Team for validation of the original copies. Added to our woes are the varying LGU-imposed travel restrictions to contain the spread of the virus. Nonetheless, records would show that many of your requests have already been processed and submitted. For your — ATTY. BUENAVENTURA R. DEL ROSARIO!) Attachment: a/s cc: ADLS. css iFee~olg CN