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An Act to Amend Section Eight of Act Numbered Forty-One Hundred and Nine, as Amended, Entitled, "An Act to Create an Anti-Usury Board, to Prescribe the Duties and Functions of the Said Board and for Other Purposes"

Year:

1946

Category:

Other

Date Approved:

September 25, 1946

Summary

Plain-language AI-assisted summary — not the official text. As of July 1, 2026. Read the full text below or on the official source.

This Act amends Section Eight of Act Numbered Forty-One Hundred and Nine, which pertains to the establishment and functions of the Anti-Usury Board. It grants additional authority to various officials and agents to enforce the provisions of the Usury Law.

Full Text


REPUBLIC ACT No. 23

An Act to Amend Section Eight of Act Numbered Forty-One Hundred and Nine, as Amended, Entitled, "An Act to Create an Anti-Usury Board, to Prescribe the Duties and Functions of the Said Board and for Other Purposes"

Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:

Section 1. Section eight of Act Numbered Forty-one hundred and nine, as amended, is hereby amended to read as follows:

Section 2. This Act shall take effect upon its approval.

Approved: September 25, 1946


"Sec. 8. In addition to the [permanent] officials and employees of the Anti-Usury Board and those detailed on special duty therewith, members of the Philippine Constabulary, members of the city, municipal and municipal district police, and such rural credit agents and district agronomists of the Bureau of Plant Industry, agents of the Bureau of Internal Revenue, agents of the Bureau of Labor and other persons as may be designated by the Chairman of the Board, are hereby made deputies of the Anti-Usury Board. The officials, employees, agents and deputies mentioned shall be peace officers, with full authority to enforce the provisions of this Act and the Usury Law, as amended, and the regulations promulgated thereunder, and to arrest offenders against the same."

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Republic Acts are laws passed by the Congress of the Philippines. This content is sourced from LawPhil (lawphil.net) for reference purposes. For official and authoritative texts, please refer to the Official Gazette.