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    Atd For PNP

    Uploaded by

    Aba Dee
    The document authorizes PNP Finance Service to deduct monthly loan payments from the author's salary for a specified period of months or until full settlement. It also states that if employment is terminated, the author will be responsible for paying any remaining loan balance. The author acknowledges that the loan agreement is between themselves and the lender, not PNP Finance Service, which is only authorized to deduct payments from salaries.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Atd For PNP

    Uploaded by

    Aba Dee
    616 views1 page
    The document authorizes PNP Finance Service to deduct monthly loan payments from the author's salary for a specified period of months or until full settlement. It also states that if employment is terminated, the author will be responsible for paying any remaining loan balance. The author acknowledges that the loan agreement is between themselves and the lender, not PNP Finance Service, which is only authorized to deduct payments from salaries.

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    atd

    Original Title

    ATD FOR PNP

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    The document authorizes PNP Finance Service to deduct monthly loan payments from the author's salary for a specified period of months or until full settlement. It also states that if employment is terminated, the author will be responsible for paying any remaining loan balance. The author acknowledges that the loan agreement is between themselves and the lender, not PNP Finance Service, which is only authorized to deduct payments from salaries.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    616 views1 page

    Atd For PNP

    Uploaded by

    Aba Dee
    The document authorizes PNP Finance Service to deduct monthly loan payments from the author's salary for a specified period of months or until full settlement. It also states that if employment is terminated, the author will be responsible for paying any remaining loan balance. The author acknowledges that the loan agreement is between themselves and the lender, not PNP Finance Service, which is only authorized to deduct payments from salaries.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    AUTHORIZATION TO DEDUCT

    I hereby authorize PNP Finance Service (FS) to deduct from my salary/pension


    the sum of ________________ (Php_____________) representing the monthly amortization
    of my loan obligation/insurance premium with PSMBFI for a period of
    ___________ months or until full settlement.

    In case of dismissal, resignation, separation, retirement or termination from the


    service for whatever cause, I, as the borrower, shall pay the outstanding remaining balance,
    including interests, cost, fines, fees and other expenses to PSMBFI.

    That I fully understand that the loan obligation/insurance premium is a contract


    between the loan association, cooperative or insurance company and the undersigned
    borrower and thus, hereby assume all the obligation that may arise thereof and hereby
    understand that the PNP FS is not privy to the contract of loan/insurance premium executed
    with the loan association, cooperative and insurance company but is merely authorized
    pursuant to GAA to deduct loan obligation from the salaries of employees/retirees.

    __________________________________________
    Signature over Printed Name of Borrower/Insured

    Thumbmarks

    SUBSCRIBE AND SWORN to before me this __________day of


    ________________ at ________________ Philippines.

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