Bill Type
Congress Name
Long Title
AN ACT CAPACITATING EMPLOYEES TO AVAIL OF LOANS AND IMPROVE CREDIT SCORES BY ENTERING INTO A SALARY DEDUCTION AGREEMENT WITH EMPLOYERS AND CREDITOR BANKS WHERE THEY MAINTAIN A PAYROLL ACCOUNT, AMENDING FOR ITS PURPOSE ARTICLE 113 OF PRESIDENTIAL DECREE NO. 442, AS AMENDED, OTHERWISE KNOWN AS ' THE LABOR CODE OF THE PHILIPPINES'
Short Title
LOAN CAPACITY AND CREDIT SCORE IMPROVEMENT ACT
Text as filed (link)
Date filed
October 5, 2021
Scope
Legislative Status
Legislative Status Date
Session Sequence No.
23
Session Type
Subjects
Document Certification
All Information (Senate Website)
Legislative History (Senate Website)
Committee Referral (Senate Website)
Committee Details
Primary Committee
Legislative History
Entitled: AN ACT CAPACITATING EMPLOYEES TO AVAIL OF LOANS AND IMPROVE CREDIT SCORES BY ENTERING INTO A SALARY DEDUCTION AGREEMENT WITH EMPLOYERS AND CREDITOR BANKS WHERE THEY MAINTAIN A PAYROLL ACCOUNT, AMENDING FOR ITS PURPOSE ARTICLE 113 OF PRESIDENTIAL DECREE NO. 442, AS AMENDED, OTHERWISE KNOWN AS ' THE LABOR CODE OF THE PHILIPPINES' [ THIRD REGULAR SESSION, 18TH CONGRESS ] [ 2021 ] 10/5/2021 Introduced by Senator MANUEL "LITO" M. LAPID; 11/8/2021 Read on First Reading and Referred to the Committee on LABOR, EMPLOYMENT AND HUMAN RESOURCES DEVELOPMENT;