Professional Documents
Culture Documents
School of Law
House of Payne
Antonio, Clouie B.
Ramos, Germs Laurence D.
Virly, Jodie B.
7. How long is the mandatory one-time grace period for all existing,
current and outstanding loans falling due or any part thereof
between 15 September 2020 and December 31, 2020 under
Bayanihan Act 2?
a. 15 days
b. 30 days
c. 45 days
d. 60 days
9. What kind of standards and protocols does the Act provide for
in preventing or suppressing the further spread of COVID-19 in the
Philippines?
a. The Act authorizes the Congress to follow, adopt, and implement the
guidelines and best practices of the World Health Organization (WHO)
in dealing with COVID-19 specifically in the areas of education,
detection, protection, and treatment.
b. The Act authorizes the President to follow, adopt, and implement the
guidelines and best practices of the World Health Organization (WHO)
in dealing with COVID-19 specifically in the areas of education,
detection, protection, and treatment.
c. The Act authorizes the Congress to follow, adopt, and implement the
guidelines and best practices of the Department of Health (DOH) in
dealing with COVID-19 specifically in the areas of education,
detection, protection, and treatment.
d. The Act authorizes the President to follow, adopt, and implement the
guidelines and best practices of the Department of Health (DOH) in
dealing with COVID-19 specifically in the areas of education,
detection, protection, and treatment.
10. Does the mandatory grace period for borrowers affect their loan
maturity?
a. Yes. If the scheduled loan amortization due dates will fall due between
16 March and 31 May 2020, this will cause the extension of thirty (30)
day grace period for every due date within the ECQ period.
b. Yes. If the scheduled loan amortization due dates will fall due between
16 March and 31 May 2020, this will cause the extension of sixty (60)
day grace period for every due date within the ECQ period.
c. No. It do not affect maturity loan.
d. Yes. If the scheduled loan amortization due dates will fall due between
16 March and 31 May 2020, this will cause the extension of ninety
(90) day grace period for every due date within the ECQ period.