Securities and Exchange Commission

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  • REQUEST SUBMITTED

    You have submitted an FOI request

    Date: 2023-08-02 12:24:02.608615

  • PROCESSING REQUEST

    Your request is already in review

    Date: 2023-08-02 12:49:51.126305

  • REQUEST CLOSED

    Your request was closed

    Date: 2023-10-31 19:48:10.981249

  • 4

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High fees and charges of OLA

Requested from SEC by R. BRIONES at 12:24 PM on Aug 02, 2023.
Purpose: Interest rates and fees of OLA
Date of Coverage: 07/11/2023 - 07/31/2023
Tracking no: #SEC-998160950125

BRIONES 12:24 PM, Aug 02, 2023

Magandang araw po!

Ano po ba ang dapat o tamang interest rates para sa mga OLA at ilan ang dapat na payment terms?

Salamat po.

Gonzales 12:49 PM, Aug 02, 2023

August 2, 2023

Dear ROSELLA,

Thank you for your request dated Aug 02, 2023 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for High fees and charges of OLA.

We received your request on Aug 02, 2023 and will respond on or before Aug 23, 2023 12:24:02 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 http://www.foi.gov.ph/requests/aglzfmVmb2ktcGhyHQsSB0NvbnRlbnQiEFNFQy05OTgxNjA5NTAxMjUM, for request with ticket number #SEC-998160950125.

Thank you.

Respectfully,

Isma Gonzales
FOI Officer

Pan, Jr. 04:00 PM, Aug 03, 2023

August 3, 2023

Dear Sir/Madam:

This acknowledges receipt of your e-mail.

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 on lending and financing companies, kindly follow this link: https://www.sec.gov.ph/lending-companies-and-financing-companies-2/lending-companies-and-financing-companies/. 
 
Thank you for your time and effort in assisting the Commission in our mandate to regulate and supervise lending and financing companies.      --

Pan, Jr. 07:48 PM, Oct 31, 2023

Oct 31, 2023

Dear ROSELLA,

I refer to my letter of Aug 03, 2023 about your request under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for High fees and charges of OLA. In particular, I had requested specific information for you to clarify upon in order for us to proceed with the request.

As we have not received a reply within the 60-day working period since the letter requesting for clarification was sent out, we regret to inform you that this request will be closed as of Oct 26, 2023.

You may wish to submit a new request describing the specific information you are looking for, and we will be able to consider it under the guidelines as stated in Executive Order No. 2.

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 or visiting our central office. 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. Armando
FOI Officer

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