LENDING INSTITUTIONS

A. Types of Business Organization

a. Sole Proprietorship
b. Partnership
c. Corporations
d. Cooperative

B. All Corporations, partnership and associations must register with

SEC/CDA, but for purposes of regulation, supervision and securing the
secondary franchise, there are │four regulatory bodies

All Corporations – SEC/ CDA

LENDING
│

SEC IC BSP CDA

1.Securities dealers, Insurance companies, Banks, *Savings and

brokers, salesman, pre-needs and all Credit
investment houses and other persons Offshore banking cooperatives
other similar persons supervised or units,
managing securities or regulated by the IC. Quasi-banks,
rendering services as
investment agent, Trust entities,
advisor or consultant;
*NSSLA,
2.Mutual funds, close-
end investment Pawnshops,
companies, common Foreign exchange
trust funds and other dealers,
similar persons;
Money changer,
3.Other entities
administering or Money Remittance
otherwise dealing in Centers,
currency, commodities
or financial derivatives Transfer
based thereon, valuable companies,
objects, cash substitutes Electronic money
and other similar issuers.
money instruments or
property supervised or
regulated by the SEC.
4.Lending Company—
R.A. 9474
5.Financing company-–
R.A. 8556

Note: No right to deduct and no tax exemption.

*With right to deduct and with tax exemption.