prescribe such interest rate as may be warranted by pre"ailing
economic and socialconditions.
What are the following instances that the @ango -entral ng
0ilipinas ha"e authorityo"er lending companies?
(a) $he /onetary @oard! in consultation with -*C and the
industry! may prescribesuch interest rates as may be warranted by
pre"ailing economic and socialconditionsA and
(b) Lending companies which are subsidiaries (more than =6 of
"oting stoc) oraBliates (=6 or less of "oting stoc)! of bans and
uasi4bans shall besub3ect to @-0 super"ision and e+aminationA
(c) When a lending company is being used as a conduit for a
baning or otherinstitution to circum"ent or "iolate @-0 rules and
regulations! then @-0 mayorder an e+amination of such lending
companys boos and account
