Podcast
Questions and Answers
What is the maximum amount that a District Supervisor can approve for a promissory note?
What is the maximum amount that a District Supervisor can approve for a promissory note?
A General Manager can approve promissory applications for any amount without a timeframe.
A General Manager can approve promissory applications for any amount without a timeframe.
False
What percentage of the total balance must be settled before applying for a promissory note?
What percentage of the total balance must be settled before applying for a promissory note?
30%
All active accounts with outstanding balances must settle a minimum of ______ before applying for a promissory note.
All active accounts with outstanding balances must settle a minimum of ______ before applying for a promissory note.
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Match the approving authority with the corresponding payment duration:
Match the approving authority with the corresponding payment duration:
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Study Notes
Promissory Note Approvals for MCOs
- District Supervisor approves promissory notes up to PhP 10,000 with payment durations up to 3 months.
- Department Manager approves promissory notes between PhP 10,000 and PhP 30,000 with payment durations between 3 and 5 months.
- General Manager approves promissory notes exceeding PhP 30,000 with payment durations exceeding 5 months.
Promissory Note Applications for Residential Consumers
- All applications with pending approval are removed from the disconnection list unless disapproved.
- Downpayment is required upon approval.
- Active accounts with outstanding balances can apply for promissory notes if at least 30% of the total balance, including surcharges and fees, is settled.
- The General Manager can approve applications in extraordinary cases, regardless of the outstanding balance, within a year.
Promissory Note Applications for Big Load Accounts (LGU, Schools, Commercial, & Industrial)
- All applications with pending approval are removed from the disconnection list unless disapproved.
- Downpayment is required upon approval.
- Active accounts with outstanding balances can apply for promissory notes if at least 30% of the total balance, including surcharges and fees, is settled.
- The General Manager can approve applications in extraordinary cases, regardless of the outstanding balance, within a year.
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Description
This quiz covers the approval process for promissory notes within various organizational levels, including District Supervisors, Department Managers, and General Managers. It also discusses the application criteria for residential consumers and big load accounts. Test your knowledge on the requirements and conditions for each approval level.
