Requested from SEC by G. Graciadas at 08:02 PM on
Feb 18, 2021.
Purpose: Public interest
Date of Coverage: 01/01/2020 - 02/18/2021
Tracking no: #SEC-623949018818
Graciadas 08:02 PM, Feb 18, 2021
Hi, I would like to know if the SEC can take action against a lending company (administratively or criminally) for violations of RA 8042, as amended, which relate to money lenders.
For example, RA 8042, as amended states - it shall also be unlawful for any person or entity to commit the following prohibited acts:
Grant a loan to an overseas Filipino worker with interest exceeding eight percent (8%) per annum... Refuse to condone or renegotiate a loan incurred by an overseas Filipino worker...
Does the SEC have a complaint process to handle these violations by lending/finance companies?
Gonzales 07:44 AM, Feb 22, 2021
February 22, 2021
Dear Grace A.,
Thank you for your request dated Feb 18, 2021 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Enforcement of RA 8042, as amended.
We received your request on Feb 18, 2021 and will respond on or before Mar 11, 2021 08:02:51 PM, in accordance with the Executive Order's implementing rules and regulations.
Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at https://www.foi.gov.ph/requests/aglzfmVmb2ktcGhyHQsSB0NvbnRlbnQiEFNFQy02MjM5NDkwMTg4MTgM, for request with ticket number #SEC-623949018818.
Thank you.
Respectfully,
Isma Gonzales
FOI Officer
Gumtang- Remalante 12:10 PM, Feb 22, 2021
February 22, 2021
Dear Grace A. Graciadas,
Greetings!
Thank you for your request dated Feb 18, 2021 08:02:51 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.
Your Request
You asked for Enforcement of RA 8042, as amended.
Response to Request
Please be informed that Republic Act No. 10022 (An Act Amending Republic Act No. 8042, Otherwise Known as The Migrant Workers and Overseas Filipinos Act of 1995, as amended, Further Improving the Standard of Protection and Promotion of the Welfare of Migrant Workers, their Families and Overseas Filipinos in Distress, and for Other Purposes) is under the jurisdictions of the Department of Labor and Employment, Philippine Overseas Employment Administration, and the Department of Justice.
You may directly coordinate with the above-mentioned concerned agencies through the following contact information:
ATTY. SILVESTRE H. BELLO III
DOLE Secretary
Address: 7th Floor, DOLE Building, Intramuros,
Manila
Direct Line: 8527-2121, 8527-5523
Tel. No: 8527-3000 loc. 701, 703, 704, 705, 709
Email: secshb3@dole.gov.ph , osec@dole.gov.ph
ATTY. BERNARD P. OLALIA
POEA Administrator
Address: Blas F. Ople Building
Ortigas Avenue corner EDSA
Mandaluyong City
Hotlines: 722-11-44, 722-11-55
Email: info@poea.gov.ph
ATTY. MENARDO GUEVARRA
DOJ Secretary
Address: Padre Faura Street
Ermita, Manila 1000
Direct Line No.: 8521-8348
Trunkline No.: 8523-8481 loc. 217
Email Address: osecmig@gmail.com
For your information.
Your right to request a review
If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by writing to the Commission Secretary thru comsec@sec.gov.ph. Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request.
If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011).
Thank you.
Respectfully,
Atty. Rachel Esther Gumtang- Remalante
FOI Receiving Officer
Is this request offensive?
Requests for personal information and vexatious requests are not considered valid requests for Official Information.
If you believe this request is not suitable, you can report it for attention by the site administrators.
