QUEDANCOR Nda Joint Circular No. 477 (2010)
AMENDMENT TO COLLECTION SYSTEM GUIDELINES FOR THE DAIRY PROGRAM
(NAR) VOL. 22 NO. 2, APRIL - JUNE 2011
[ QUEDANCOR-NDA JOINT CIRCULAR NO. 477, S. 2010, December 20, 2010 ]
AMENDMENT TO COLLECTION SYSTEM GUIDELINES FOR THE DAIRY PROGRAM
Circular No. 474, series of 2010, is hereby amended with respect to the following: x x x x 6. POLICY STATEMENTS x x x x d. Whenever necessary/applicable, all outstanding loans under the QUEDANCOR-NDA Dairy Program may be subjected to QUEDANCOR’S existing remedial management programs, namely: 1) Account Remediation Program (ARP); 2) Loan Modification Program (LMP); 3) Small Claims Program; and, 4) SRT Collection Framework, to be processed, evaluated and approved by QUEDANCOR Officers based on specifications of authority on remedial action. x x x x 7. FUNCTIONS AND RESPONSIBILITIES 7.1 Functions and Responsibilities 7.1.1 NDA Loan Officer x x x x d. Prepares Monthly Interest Collection Report and submits the same to NDA HO for the preparation of the Consolidated Interest Collection Report for remittance to QUEDANCOR HO. x x x x 7.1.6 Head OfficeNDA HO shall furnish QUEDANCOR HO copy of the Monthly Consolidated Collection Report for collections undertaken by its designated NDA Loan Officers supported by photocopies of Official Receipts (OR) and/or deposit slip. Likewise, NDA HO shall prepare a Monthly Consolidated Interest Collection Report and remits collections on interest made by NDA th Officers to QUEDANCOR HO every 10 day of the following month. x x x x x x x x 13. EFFECTIVITY This amendment shall take effect immediately. Adopted: 20 December 2010
Approved: Approved:
(SGD.) GRACE J. ACENAS (SGD.) FEDERICO A. ESPIRITU MNSA NDA Administrator QUEDANCOR President and CEO