Securities and Exchange Commission

Gonzales 08:08 AM, Oct 26, 2023

October 26, 2023

Dear hannah marie phoebe cesista,

Thank you for your request dated Oct 26, 2023 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for REPAYMENT OF VALLEY LOAN, ZIPPESO, LEMON LOAN, WOW PERA UNDER GOLDEN KOI LENDING.

We received your request on Oct 26, 2023 and will respond on or before Nov 16, 2023 07:42:55 AM, 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 http://efoi-ph.uc.r.appspot.com/requests/aglzfmVmb2ktcGhyHQsSB0NvbnRlbnQiEFNFQy05NDY2NjkwNDM4NjAM, for request with ticket number #SEC-946669043860.

Thank you.

Respectfully,

Isma Gonzales
FOI Officer

Quimio 09:59 AM, Nov 06, 2023

November 6, 2023

Dear hannah marie phoebe cesista cesista,

Greetings!

Thank you for your request dated Oct 26, 2023 07:42:55 AM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.

Your Request

You asked for REPAYMENT OF VALLEY LOAN, ZIPPESO, LEMON LOAN, WOW PERA UNDER GOLDEN KOI LENDING.

Response to Request

Madam:
Kapag na raid po ang isang OLA, ibig sabihin ay meron pong "probable cause" ang isang judge na mag issue ng warrant to search the premises of the company dahil may "probability' na may illegal na nagaganap at dapat mahanap sa premises nito.

Take note, "probability" pa lamang, hindi pa sigurado. Kaya kapag nag raid, sinasamsam ng mga autoridad ang mga bagay na possibleng may kinalaman sa ilegal nna mga gawain.

Pagkatapos ng raid, magpa-file pa ng kasi ang mga alagad ng batas sa Department of Justice (DOJ). Ang DOJ ang magre-represent ng gobyerno sa korte.

Going back to your question, kung meron kang due date, magbayad ng whole scheduled amount due AND on time to avoid any penalty or surcharges. A 1 day delay may cause a penalty.

Bakit kailangan magbayad kung na- raid naman pala? Dahl ang utang na naganap BAGO ang raid ay ayon sa Contract of Loan or Loan Agreement na sinangayunan ng borrower. 

Tanging ang mga korte lamang ang puedeng magpawalang bisa ng Contract of Loan/ Agreement at amg mga nakapaloob dito, katulad ng interest rate.
To find out more about the specifics of your complaint, you may file a formal complaint with us by following the instructions below:

1.      To File a Formal Complaint Against a Lending or Financing Company

Kindly follow this link: http://www.sec.gov.ph/lending-companies-and-financing-companies/complaints/.

Please read and follow the instructions carefully to avoid the outright dismissal of your complaint.

In sending the complaint form to flcd_complaints@sec.gov.ph via e-mail, kindly use the following format in the subject head of the e-mail: COMPLETE NAME _RESPONDENT COMPANY _ SUBJECT OF COMPLAINT (ex: JUAN DELA CRUZ_ABC LENDING_DISCLOSURE STATEMENT VIOLATION).

2.      To verify Lending Companies, Financing Companies and Online Lending Platforms

For a list of registered lending and financing companies, follow these links:

a. Registered Lending Companies

https://www.sec.gov.ph/lending-companies-and-financing-companies-2/list-of-lending-companies-2/

b. Registered Financing Companies

http://www.sec.gov.ph/lending-companies-and-financing-companies/list-of-financing-companies/

For a list of recorded online lending platforms of lending and financing companies, please refer to this link:

https://www.sec.gov.ph/lending-companies-and-financing-companies-2/list-of-recorded-online-lending-platforms/

3.      For more information on Lending and Financing Companies

For more information, refer to this link: http://www.sec.gov.ph/lending-companies-and-financing-companies/complaints/
 
As to your issues on data privacy violation or violations of R.A. 10173, or the Data Privacy Act of 2012, please contact:

Atty. Michael R. Santos
Chief, Complaints and Investigation Division
National Privacy Commission
 
Address: 5th Floor Delegation Building, PICC Complex, Roxas Boulevard
E-mail:  complaints@privacy.gov.ph; hearings@privacy.gov.ph
Landline: 02-8-2342228 loc 114 or 115
Mobile Number: 0905-5061478 (Globe); 0970-8180555 (Smart)

Pinagiingat ang publiko sa mga nagpapangap na registered Lending o Financing Company na nag-aalok magpautang pero manghihingi muna ng deposito (advance fee) sa borrower.

Pagkatapos makakuha ang “advance fee“ galing sa borrower, ay ibo-block o tatakbuhan na sila ng mga nagpapangap na Lending at Financing Company. 

Madalas ang panloloko ay nagaganap sa “Telegram” at iba pang social media platform.

Ang biktima ay isasali sa isang group chat (GC) kasama ang mga nagpapangap na borrowers na nakatanggap ng  loan sa tulong ng pekeng Lending o Financing company. Madalas, ang mga makakausap sa GC ay hindi Pilipino o tunog banyaga magsalita.

Ipinapaalala namin na ang mga lehitimong lending o financing company ay hindi humihingi ng deposito,  processing fee or advance fees mula sa mga borrowers bago magpautang.

Pinapayuhan ang publiko na maging mapanuri, mapagmatyag at umiwas sa mga ganitong klaseng modus operandi.

Huwag umutang o makipag- transaction sa mga ganitong kumpanya.

Thank you for your time and effort in assisting the Commission in our mandate to regulate and supervise lending and financing companies. 

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 at 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.


Thank you.

Sincerely yours,

Atty. Kenneth Joy A. Quimio
Asst. Director
Financing and Lending Division
SEC

Attachments:
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