DO 49, s. 2017 - Revised Guidelines on Accreditation/Re-Accreditation of Private Lending Institutions (PLIs) under the Automatic Payroll Deduction System (APDS) Program

September 18, 2017
DO 49, s. 2017
Revised Guidelines on Accreditation/Re-Accreditation of Private Lending Institutions (PLIs) under the Automatic Payroll Deduction System (APDS) Program
To:     Undersecretaries
          Assistant Secretaries
          Bureau and Service Directors
          Regional Directors
          Schools Division Superintendents
          Public Secondary Schools Heads
          All Others Concerned
 
  1. In line with its continued thrust to protect its personnel from private lenders charging excessive rates on loans and engaging in unscrupulous practices, the Department of Education (DepEd) hereby issues the enclosed Revised Guidelines on Accreditation and Re-Accreditation of Private Lending Institutions (PLIs) under the Automatic Payroll Deduction System (APDS) Program and announces the re-opening of the said accreditation and re-accreditation.
  1. All APDS–Memorandum of Agreement (APDS–MOA) for lending business of accredited PLIs shall be effective until October 31, 2017 for the simultaneous implementation of the revised guidelines. The effectivity of existing APDS–MOA expiring earlier and later than the said date is hereby amended accordingly.
  1. The DepEd Central Office, through the Office of the Undersecretary for Finance–Disbursements and Accounting, and the Offices of Regional Directors (for DepEd personnel cooperatives engaged in lending business in one region) shall receive applications for accreditation and re-accreditation from interested entities on or before the following dates, in accordance with the enclosed guidelines: 
                     a.  Applicants for Re-accreditation   -  Until October 2, 2017; and
                     b.  Applicants for Accreditation        -  Until October 16, 2017
  1. DepEd Memorandum No. 228, s. 2011 entitled Re–opening of Accreditation/Re-accreditation of the Private Lending Institutions (PLIs) under the Automatic Payroll Deduction System (APDS) Clean Up Program and other related issuances, rules, regulations, and provisions which are inconsistent with these guidelines are hereby repealed, rescinded, or modified accordingly.
  1. Immediate dissemination of and strict compliance with this Order is directed.
 
 
(Sgd)LEONOR MAGTOLIS BRIONES
                    Secretary

 

Encls: As stated
Reference: DepEd Memorandum (No. 228, s. 2011)
To be indicated in the Perpetual Index under the following subjects:       
         
ACCREDITATION
CHANGE
DEDUCTIONS
EMPLOYEES
POLICY
PROGRAMS
SALARY