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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 643 - PROVIDING
FOR THE GENERAL AND SPECIFIC ADMINISTRATIVE SUPERVISIONS OVER THE HOME
DEVELOPMENT MUTUAL FUNDS
WHEREAS, Presidential Decree No.
1752, amending P.D. No. 1530 that created the Home Development Mutual
Fund, has given it corporate status but also provides for its
supervision by appropriate Government agencies as the President may
designate and authorize;
WHEREAS, it is deemed in the best public interest and proper
administration of Fund to authorize ministries and offices in general
to exercise their respective supervisory and regulatory duties over
corresponding aspects of the Fund’s administration, with the Ministry
of Human Settlements, however, as the principal agency to exercise
general supervision, for the following reasons:
a)
b)
c)
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of the Philippines, by virtue of the powers vested in me by the Constitution, Presidential Decree No. 1752 and other pertinent laws, do hereby direct the following:
1.
2.
3.
4.
Done in the City of Manila, this 24th day of January, in the year of Our Lord, nineteen hundred and eighty-one.
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