What is the meaning of penalty condonation?
Asked by: Deanna Crooks | Last update: November 29, 2025Score: 4.4/5 (3 votes)
Under the program,
What is penalty condonation?
The condonation program allows member-borrowers to settle their delinquent loans on much lighter payment terms. All outstanding principal and interest components of the loans are consolidated into one new Consolidated “Restructured Loan 1” or “Restructured Loan 2.” The payment can be at one time or in installments.
What is the meaning of condonation?
noun. con·do·na·tion ˌkän-də-ˈnā-shən. : voluntary overlooking or pardon of an offense. specifically : express or implied and usually conditional forgiveness of a spouse's marital wrong (as adultery or cruelty)
How can I get penalty condonation in Pag-ibig?
How to File The applicant shall: 1. Secure and accomplish the Application for Penalty Condonation under R.A. 9679 (For Unregistered/Delinquent Employer) (HQP-PFF-004) from the Pag-IBIG Branch. The application form may be downloaded from the Pag-IBIG Fund website at www.pagibigfund.gov.ph.
What is the rule of condonation?
Condonation of Delay Under Limitation Act, 1963
It provides that the court can accept any appeal or application when filed after the limitation period if the appellant or applicant shows that he had a sufficient cause for not filing the appeal or application within the prescribed period.
What is SSS LOAN PENALTY CONDONATION and CONSOLIDATED LOAN?
What happens after condonation?
If condonation was granted, the dispute would proceed to the next process being either conciliation or con-arb. If condonation was refused, the CCMA cannot hear the dispute any further. The applicant may challenge the decision at the Labour Court.
What is a valid reason for condonation of delay?
Sufficient Cause to Grant Condonation of Delay:
Significant changes in the law. Serious illness of the applicant. Imprisonment of the applicant. The applicant being a pardanashin woman (living in seclusion) Delay in procuring copies from officials, provided the applicant initiated efforts to obtain them vigilantly.
What is the Pag-IBIG amnesty for 2024?
Eligible members may apply for the availment of the moratorium program until 31 December 2024, either through the Virtual Pag-IBIG or at the nearest Pag-IBIG branch. Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta emphasized the readiness of Pag-IBIG Fund in providing aid to members affected by the calamity.
What is the meaning of condonation of interest?
(c) Condonation refers to the relief granted by law in the payment of unpaid interests, penalties and surcharges.
What is the penalty for late payment of Pag-IBIG contributions in 2024?
With new regulations come new compliance measures. Employers will have to ensure that they are fully compliant with the new contributions to avoid penalties. The penalty for late Pag-IBIG contribution is 1/10 of 1% of the amount due.
What is an example of condonation?
For example, if a wife did not object to her husband's adultery even though she was aware of it, and she later tries to use it as grounds for a divorce or the basis for a settlement in her favor, he could counter these efforts by arguing that she had condoned his behavior.
Is condone positive or negative?
If you condone something, you allow it, approve of it, or at least can live with it. Some teachers condone chewing gum, and some don't. Things that are condoned are allowed, even if everyone isn't exactly thrilled about it.
What is the condonation fee?
Condonation is often used in the context of the judicial system. However, in the field of education, condonation refers to a fee that students have to pay if they do not have the required attendance at the end of the semester or year.
What is the maximum condonation of delay?
Section 21(5) allows for condonation of delay up to 90 days on the presence of 'sufficient cause' that had led to the delay. Going even beyond the 90-day limit as provided by the statute, the Court has been generous in considering appeals that have a delay extending 90 days.
What is the case law for condonation?
“It is now trite that condonation cannot be had for the mere asking. A party seeking condonation must make out a case entitling it to the court's indulgence. It must show sufficient cause. This requires a party to give a full explanation for the non-compliance with the rules or court's directions.
What is condonation payment?
The AFPSLAI Condonation Program is being offered to qualified member-borrowers to help them settle their past due or non-performing loans. It allows a waiver of additional interests and penalties with lighter payment terms, subject to evaluation.
What does condonation mean?
Definitions of condonation. noun. a pardon by treating the offender as if the offense had not occurred. forgiveness, pardon. the act of excusing a mistake or offense.
What is the law of condonation?
Within the legal profession, condonation (or a condonance) is a defence argument sometimes made when an accuser has previously forgiven or chosen to ignore an act about which they are now legally complaining. In some legal jurisdictions, and for certain behaviors, it may prevent the accuser from prevailing.
What is the meaning of consolidation loan?
Consolidating debt is when you take out a single, new loan to pay off several existing debts. This can be a good way of taking control of your finances but you need to be careful. A consolidation loan may not always be your best option.
How much is the monthly contribution to Pag-IBIG in 2024?
The self-employed Pag-IBIG contribution rate for 2024 for self-employed business owners and professionals is set at 4%, capped at 400 PHP. This represents both the employee and employer payments which would apply if you were employed by a private company2.
Can I withdraw my Pag-IBIG savings after 10 years?
7742, partial withdrawal of savings is allowed after ten or 15 years of continuous membership, provided there is no outstanding housing loan with the Pag-IBIG Fund. This option is valid only once during the membership term.
Can I loan again in Pag-IBIG after 6 months?
You may renew your Pag-IBIG MPL after paying an amount equal to at least six (6) monthly amortizations and upon satisfying the eligibility requirements. The outstanding balance of your existing loan shall be deducted from the loan proceeds of your new loan.
Is there a time limit for condonation?
An employee must refer the dispute to the CCMA within 30 days. If the employee fails to do this within that time period, he is required to make application to the Commission to condone the reason that he failed to refer his case timeously.
What happens if condonation is not granted?
[4] If condonation is not granted, then this Court lacks the necessary jurisdiction to consider the Review Application and the Review Application stands to be dismissed. If the condonation is granted, then I will turn to consider the merits of the Review Application.
What are the rules for condonation of delay?
Condonation of Delay
The circular allows authorities to condone delays in filing returns related to refunds or carry-forward losses, provided they are filed within five years from the end of relevant assessment year. This five-year time limit applies to claims filed on or after October 1, 2024.