DIVISION MEMORANDUM No. 183 , s. 2018 Revised Policy-Guidelines on Loan Application with GSIS and Accredited Private Lending Institution

                                                      Republic of the Philippines

                                           DEPARTMENT OF EDI ICATTON

                                                                                   Region VIII

    SCHOOLS DIVISION OFFICE OF CATBALOGAN CITY

April 30, 2018

DIVISION MEMORANDUM: No. 183 , s. 2018

Revised Policy-Guidelines on Loan Application with GSIS and Accredited Private
                                                           Lending Institution

TO:      ALL DIVISION OFFICE PERSONNEL & EMPLOYEES
                PUBLIC SCHOOL DISTRICT SUPERVISORS

ELEMENTARY/SECONDARY SCHOOL HEADS TEACHING AND NON-TEACHING PERSONNEL ALL OTHERS CONCERNED

Whereas, Unnumbered Regional Memorandum dated February 23, 2016, RE: Submission of Original Pay Slips for the Last Two (2) Consecutive Months for

Consolidated (CONSO) and other GSIS Loans;

Whereas, the tenor of DepEd Order No.       05, s.    2018, mandates for the

implementation of 95,000.00 Net Take Home Pay for Department of Education

Personnel;

Whereas, it is a recognized policy on the privileged character of information on pending administrative cases/records of administrative cases, including its proceedings, proscribes for disclosure of the same, unless otherwise authorized.

Whereas, condition precedent for approval of GSIS loan application necessitates that the loan applicant has NO PENDING ADMINISTRATIVE CASE (Formal Charge);

Whereas, a duly recognized and accredited Private Lending Institution, requires certification and/or indorsement or statement having similar import certifying on the Non-Pendency of Administrative Case from a proposed loan applicant;

Wherefore, this policy-guidelines on loan application with GSIS and                                                                                                                                            other

accredited Private Lending Institution, are hereby adopted, to wit;

1. Latest (2) TWO ORIGINAL preceding Pay Slip

2.   95,000.00 Net Take Home Pay requirement after deduction

3. Certification of NO PENDING ADMINISTRATIVE CASE

The aforementioned documentary requirements are not exclusive, and may vary according to applicable existing policies.

Existence of UNDEDUCTED OBLIGATION as appearing on the Pay Slip shall disqualify the loan applicant on his/her loan confirmation or certification and/or indorsement for purpose(s) of loan application with accredited Private Lending Institution, except when the entry appearing thereon are duplication or inexistent loan obligation, duly substantiated by supporting documents.

In cases where a certification and/or indorsement for purpose(s) of loan application is required, a corresponding documentary requirement shall be complied that would suffice the certification or attestation sought to be established in the certification and/or indorsement of the loan application. This Memorandum shall take effect immediately.

For information, guidance and compliance.

CRISTITO A. ECO, CESO VI       Schools Division Superintendent