Pasig removes ‘compounding monthly penalties’ on city housing delinquent payments

By: - Reporter / @CMarquezINQ
/ 04:16 PM October 08, 2019

MANILA, Philippines — The Pasig City government on Tuesday stopped collecting the so-called compounded monthly penalties on delinquent payments of beneficiaries of the city’s housing projects.

In a tweet, Pasig Mayor Vico Sotto said he signed a memorandum that stopped the practice of paying the compounded penalties, saying it has no “legal or contractual basis.”


“Maraming nababaon sa utang dahil dito. Ilan taon nang ginagawa pero wala palang basehan na batas o ordinansa,” Sotto said.

[Many people have incurred debts because of compounded penalties. This has been going on for years but it turns out there is no legal basis or an ordinance for this.]


Under the city government’s contract, beneficiaries and occupants of Pasig City housing projects are only entitled to a flat rate of three percent penalty for every month of delinquency.

In another tweet, Sotto said the Pasig government’s Task Force Pabahay will look into solutions on how to decrease monthly payment of beneficiaries of housing units.  /muf

Read Next
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Local news, news, Pasig, Philippine news updates, Vico Sotto
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.