RA 9474: Lending Company Regulation Act of 2007

Summary

Republic Act No. 9474, signed 22 May 2007, governs the establishment and operation of lending companies in the Philippines. It requires lending companies to register with the Securities and Exchange Commission and obtain a Certificate of Authority before commencing operations, prescribes minimum paid-up capital, regulates interest-rate disclosure, and imposes penalties for violations including operating without authority. The Act is a primary basis for SEC enforcement action against unregistered online lending platforms.