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WorksheetsAcceptable External Counsels
Total questions: 10
Worksheet time: 2mins
What is the Department Order of Guidelines on the Acceptable External Counsels for BSP Foreclosure Cases?
2022-017
2022-007
2022-070
2022-008
Which of the following is not covered by the guidelines?
Cases other than foreclosure
Evaluation/review of the EC’s actual performance
Enforcement actions against the EC
Allocation of BSP foreclosure cases to ECs as they appear on the List
Which of the following is a preliminary general qualification of acceptable external counsels?
Must be a member of the Philippine Bar in good standing and have at least 3 years of experience related to foreclosure cases
Must be a member of the IBP in good standing and have at least 5 years of experience related to foreclosure cases
Must be a member of the IBP in good standing and have at least 3 years of relevant experience related to foreclosure cases
Must be a member of the Philippine Bar in good standing and have at least 4 years of relevant experience related to foreclosure cases
What is the document required to be submitted to BSP-DLC together with the letter by the external counsel, stating its intent to handle BSP foreclosure cases?
Certification of no pending administrative cases from the Office of the Bar Confidant
Photocopy of business registration with SEC/BIR/DTI/other government agencies
Certificate of membership in the Philippine Bar
All of the above
After the initial evaluation of the qualifications of the new EC has been found acceptable to whom should the application be endorsed for concurrence?
Office of the Deputy Governor MES
Department of Economic Statistics
Office of the General Counsel and Legal Services
Department of Supervisory Analytics
In the preparation of the List of ECs for BSP Foreclosure Cases, only one count shall be assigned to several accounts which are covered by one REM
True
False
In the preparation of List of ECs for BSP Foreclosure Cases, those accounts with arising cases due to issues attributable to the EC and those settled prior to completion of foreclosure proceedings shall be excluded from the computation
True
False
For purposes of preparing the initial List upon effectivity of this Guidelines, an EC with existing active engagement with DLC shall be considered as new, shall be given a one time priority in the allocation of cases in the order of their concurrence by the OGCLS.
True
False
When shall Attorney's Fees be paid after the EC has caused the annotation of the COS in the title/TD?
Within 60 calendar days upon receipt of the bill
Within 60 working days upon receipt of the bill
Within 30 calendar days upon receipt of the bill
Within 30 working days upon receipt of the bill
Which is a ground for the termination of an Engagement Agreement (EA)?
Negligence and incompetence in the practice of profession
Observance of the ethics of the profession
Conviction of a crime
Violation of the provisions of the EA on confidentiality and conflict of interest
