AN ORDINANCE PROHIBITING EXCESSIVE LOAN INTEREST RATES, USURIOUS LENDING PRACTICES AND MISUSE OF PANTAWID PAMILYANG PILIPINO PROGRAM (4Ps) AUTOMATED TELLER MACHINE ATM/CASH CARDS AS LOAN COLLATERAL IN THE MUNICIPALITY OF DUMINGAG, ZAMBOANGA DEL SUR.

This ordinance prohibits excessive loan interest rates, usurious lending practices, and the use of Pantawid Pamilyang Pilipino Program (4Ps) ATM or cash cards as collateral for loans within the municipality. It penalizes lending institutions, loan sharks, and individuals engaging in such practices, and recommends beneficiaries violating the ordinance for removal from the 4Ps roster.