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Repossession. Repossession, colloquially repo, is a "self-help" type of action in which the party having right of ownership of a property takes the property in question back from the party having right of possession without invoking court proceedings. The property may then be sold by either the financial institution or third party sellers.
If you owe $12,000 on the loan, for example, and the lender sells your repossessed car for $8,000, the $4,000 difference — as well as any associated fees and costs — are called the deficiency ...
The United Coconut Planters Bank, more popularly known by its initials, UCPB, or by its old name, Cocobank, was a government-owned bank and was one of the largest banks in the Philippines, having ranked within the top twenty banks in the country in terms of assets. It was the only existing universal bank not listed on the Philippine Stock Exchange.
Vehicle immobilization is a key part of the act of impounding.. Vehicle impoundment is the legal process of placing a vehicle into an impoundment lot or tow yard, [1] which is a holding place for cars until they are placed back in the control of the owner, recycled for their metal, stripped of their parts at a wrecking yard or auctioned off for the benefit of the impounding agency.
Development Bank of the Philippines (DBP) 1,042,129.41. 9. Union Bank of the Philippines (Unionbank) 961,584.41. 10. Security Bank Corporation (Security Bank)
Automotive industry in the Philippines. The Toyota Vios has been the best-selling car in the Philippines from 2008 until 2016, and again since 2018. The Mitsubishi Lancer was considered an automotive icon in the country. Having been built in the country since the first generation up until its last generation in 2017.
www .amlc .gov .ph. The Anti-Money Laundering Council (AMLC) is the agency of the Government of the Philippines that is tasked to implement the provisions of Republic Act No. 9160, also known as the “Anti-Money Laundering Act of 2001” (AMLA), as amended, and Republic Act No. 10168, also known as the “Terrorism Financing Prevention and ...
Ford Group Philippines, Inc. ( FGPI) is a Philippine-based subsidiary of Ford Motor Company. It was primarily focused on manufacturing automobiles for local and regional markets from 1998 until 2012. It built the Ford Escape, Ford Laser / Lynx, Ford Focus, Mazda3, and Mazda Tribute for the Philippines, Thailand, Indonesia, Singapore, Malaysia ...