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    HQP-HLF-007 Notice of Approval-Circular No. 300

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    maxx villa
    The document is a notice of approval for a housing loan restructuring from the Pag-IBIG Fund. It informs the recipient that their application for restructuring and penalty condonation has been approved for a certain amount. It requests that the recipient sign and return documents including a promissory note and loan agreement within 15 days. It outlines the new monthly amortization amount and payment due date, and consequences for late or missed payments. Contact information is provided for any questions.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    HQP-HLF-007 Notice of Approval-Circular No. 300

    Uploaded by

    maxx villa
    471 views1 page
    The document is a notice of approval for a housing loan restructuring from the Pag-IBIG Fund. It informs the recipient that their application for restructuring and penalty condonation has been approved for a certain amount. It requests that the recipient sign and return documents including a promissory note and loan agreement within 15 days. It outlines the new monthly amortization amount and payment due date, and consequences for late or missed payments. Contact information is provided for any questions.

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    NOA -Cir 300

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    The document is a notice of approval for a housing loan restructuring from the Pag-IBIG Fund. It informs the recipient that their application for restructuring and penalty condonation has been approved for a certain amount. It requests that the recipient sign and return documents including a promissory note and loan agreement within 15 days. It outlines the new monthly amortization amount and payment due date, and consequences for late or missed payments. Contact information is provided for any questions.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    471 views1 page

    HQP-HLF-007 Notice of Approval-Circular No. 300

    Uploaded by

    maxx villa
    The document is a notice of approval for a housing loan restructuring from the Pag-IBIG Fund. It informs the recipient that their application for restructuring and penalty condonation has been approved for a certain amount. It requests that the recipient sign and return documents including a promissory note and loan agreement within 15 days. It outlines the new monthly amortization amount and payment due date, and consequences for late or missed payments. Contact information is provided for any questions.

    Copyright:

    © All Rights Reserved
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    HQP-HLF-007

    (HL Restructuring - HDMF Circular No. 300)

    ________________
    (Branch)

    NOTICE OF APPROVAL

    _____________________
    Date
    HL Account No. ____________
    _________________________
    _________________________
    _________________________

    Dear ____________________;

    We are pleased to inform you that your application for Pag-IBIG Housing Loan
    Restructuring and Penalty Condonation has been approved on ___________________ in the
    amount of _________________________________________________ (P____________)
    Philippine Currency.

    In line with this approval, you are hereby requested to sign and return to us the attached
    Promissory Note and Loan Restructuring Agreement as well as the Deed of Revocation of
    Notice of Cancellation (if applicable) within fifteen (15) days upon receipt of this notice.
    Otherwise, the said approval shall be deemed cancelled.

    Your monthly amortization shall be __________________________________________


    _______________________________________________________ (P__________________),
    with subsequent payments every ________ day of the month until the loan is fully paid. In
    addition, if you are presently employed. You are hereby requested to pay your first monthly
    amortization in advance directly to the Fund.

    Should you fail to pay the monthly amortization and/or other loan obligations when due,
    you shall pay a penalty at a rate of 1/20 of 1% of the amount due for every day of delay until full
    settlement thereof. In the event of default, unpaid monthly payments shall continue to be
    charged with a penalty at a rate of 1/20 of 1% of the amount due for every day of delay until full
    settlement thereof. In addition, all penalties condoned (if any) shall be restored and shall
    become due and demandable together with the outstanding loan, accrued interest, penalties,
    fees and other charges. Simultaneously, HDMF shall immediately institute foreclosure
    proceedings.

    Conversely, should you make accelerated payments, the amount you paid in excess of
    the required monthly amortization (excluding membership contributions) shall be treated as
    future amortization, unless you expressly request otherwise upon payment and provided the
    amount is equivalent to at least one (1) monthly amortization, the said amount may be applied
    to the principal.

    To ensure proper implementation, please notify us immediately of any changes in your


    billing address. Should you have any query/clarification regarding this notice, please visit our
    office or coordinate with Mr./Ms. ___________________________ of the ________________ at
    telephone no/s. _____________________ or email at ________________.

    Very truly yours,

    _____________________________
    HDMF Authorized Signatory
    Conforme:

    __________________________________
    Signature of Borrower over Printed Name

    (Revised/December 2011)

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