Yes, Moca Moca is registered with the Securities and Exchange Commission (SEC) of the Philippines with SEC registration No. 202105001295904. Here’s how you can confirm this: SEC List: Moca Moca appears on the SEC list of Financing and Lending Companies. This information can be found on the SEC website: https://www.sec.gov.ph/lending-companies-and-financing-companies-2/list-of-lending-companies-2/ Look for Moca Moca’s parent […]
Loan in Philippines
Can a Loan Shark Take You To Court?
No, a loan shark cannot legally take you to court in the Philippines, or most other countries for that matter. Here’s why: Illegal Operation: Loan sharks typically operate outside the law. They don’t have the necessary licenses or permits to function as legitimate lenders. Predatory Practices: Their loan terms are often unfair, with extremely high interest rates […]
Law Against Loan Sharks Philippines (2025)
The Philippines has several laws in place to combat loan sharking and protect borrowers from predatory lending practices. Here’s a breakdown of the key legal framework: Main Laws: Anti-Usury Law (Act No. 2031): This law sets the maximum interest rate that lenders can charge borrowers. It effectively restricts loan sharks who often impose excessively high […]
