Mastering Payment Due Dates and Priorities

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Which agency handled the funds of private employees under PD 1530?

Pag-IBIG Fund

National Home Mortgage Finance Corporation

Government Service Insurance System

Social Security System (correct)

When was Pag-IBIG membership made mandatory for all SSS and GSIS member-employees?

December 14, 1980 (correct)

March 1, 1979

August 1, 1986

June 11, 1978

When did Pag-IBIG Fund become voluntary?

August 1, 1986

January 1, 1987 (correct)

June 11, 1978

March 1, 1979

Who is authorized to certify the Private Household category?

Barangay Captain or Barangay Secretary Signup and view all the answers

Who is authorized to certify the Agriculture/Forestry/Fishery category?

Department of Agrarian Reform (DAR) Signup and view all the answers

Who is authorized to certify the Transport category?

Barangay Captain or Barangay Secretary Signup and view all the answers

Which one of the following is the maximum loan amount for the CIRCULAR 406/349 (Affordable) housing loan?

P750,000 for socialized condominium Signup and view all the answers

What is the interest rate for a 5-year fixing loan with a 75% loan to value ratio under CIRCULAR 396/349 (Modified EUF)?

6.625% Signup and view all the answers

What is the premium rate for Mortgage Redemption Insurance under the Now (Lockton Philippines and Reinsurance Brokers, Inc.)?

P0.225 per P1,000 Signup and view all the answers

What is the maximum term for a housing loan under CIRCULAR 396/349 (Modified EUF)?

30 years Signup and view all the answers

According to the text, what is the penalty for late payment of the monthly amortization?

1/20 of 1% of the amount due for every day of delay Signup and view all the answers

According to the text, what is the order of priority for payment allocation?

Penalties, Insurance Premiums, Interest, Principal Signup and view all the answers

According to the text, when does a borrower default on their loan?

All of the above Signup and view all the answers

According to the text, what happens when a borrower defaults on their loan?

The outstanding obligation becomes immediately due and demandable Signup and view all the answers

Which government provident institution is exempt from tax payments according to Republic Act No. 9679?

Home Development Mutual Fund (HDMF) Signup and view all the answers

Who signed Republic Act No. 9679 or the Home Development Mutual Fund Law of 2009?

Gloria Macapagal-Arroyo Signup and view all the answers

Which of the following groups are required to be members of the Pag-IBIG Fund according to the new HDMF law?

All of the above Signup and view all the answers

What is the purpose of the Home Development Mutual Fund (HDMF) according to Republic Act 9679?

All of the above Signup and view all the answers

Which of the following is NOT a primary document required for an OFW/Seaman applying for a housing loan?

Copy of PAYSLIP indicating income received and period covered Signup and view all the answers

Which of the following is NOT a secondary document required for an OFW/Seaman applying for a housing loan?

Copy of OWWA Membership Certificate Signup and view all the answers

Which of the following is NOT a primary document required for a self-employed individual applying for a housing loan?

Official Receipt of Tax Payment from bank Signup and view all the answers

Which of the following is NOT an income requirement for a locally employed individual applying for a housing loan?

CTC of ITR and PRC ID Signup and view all the answers

Mastering Payment Due Dates and Priorities

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Questions and Answers

Which agency handled the funds of private employees under PD 1530?

When was Pag-IBIG membership made mandatory for all SSS and GSIS member-employees?

When did Pag-IBIG Fund become voluntary?

Who is authorized to certify the Private Household category?

Who is authorized to certify the Agriculture/Forestry/Fishery category?

Who is authorized to certify the Transport category?

Which one of the following is the maximum loan amount for the CIRCULAR 406/349 (Affordable) housing loan?

What is the interest rate for a 5-year fixing loan with a 75% loan to value ratio under CIRCULAR 396/349 (Modified EUF)?

What is the premium rate for Mortgage Redemption Insurance under the Now (Lockton Philippines and Reinsurance Brokers, Inc.)?

What is the maximum term for a housing loan under CIRCULAR 396/349 (Modified EUF)?

According to the text, what is the penalty for late payment of the monthly amortization?

According to the text, what is the order of priority for payment allocation?

According to the text, when does a borrower default on their loan?

According to the text, what happens when a borrower defaults on their loan?

Which government provident institution is exempt from tax payments according to Republic Act No. 9679?

Who signed Republic Act No. 9679 or the Home Development Mutual Fund Law of 2009?

Which of the following groups are required to be members of the Pag-IBIG Fund according to the new HDMF law?

What is the purpose of the Home Development Mutual Fund (HDMF) according to Republic Act 9679?

Which of the following is NOT a primary document required for an OFW/Seaman applying for a housing loan?

Which of the following is NOT a secondary document required for an OFW/Seaman applying for a housing loan?

Which of the following is NOT a primary document required for a self-employed individual applying for a housing loan?

Which of the following is NOT an income requirement for a locally employed individual applying for a housing loan?

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