SEC IMPLEMENTS THE MANDATORY 60-DAY GRACE PERIOD FOR ALL LOANS WITH FINANCING COMPANIES, LENDING COMPANIES AND MICROFINANCE NGOS.
Among other institutions, financing and lending companies and microfinance NGOs shall implement a one-time 60-day grace period to be granted for the payment of all existing, current and outstanding loans falling due or any part thereof, on or before December 31 2020. The grace period shall apply to each loan whether