The Financial Hardship Waiver Form is a critical document used in the Philippine financial sector when borrowers face significant financial difficulties that impact their ability to meet their credit obligations. This document is designed in accordance with Bangko Sentral ng Pilipinas (BSP) guidelines and various Philippine banking regulations, including the Truth in Lending Act and Consumer Protection Laws. It is typically utilized when borrowers experience unexpected circumstances such as job loss, medical emergencies, business failures, or other significant financial setbacks. The form collects comprehensive information about the borrower's current financial situation, the nature and cause of their hardship, and their capacity for future payments. It includes necessary declarations, consents, and authorizations required under Philippine law, while also serving as a formal request for specific relief measures such as payment restructuring, term extensions, or interest rate modifications.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Personal Information: Applicant's full legal name, contact details, address, and identification information as required by Philippine regulations
2. Account Details: Information about the relevant financial accounts, loan numbers, or credit facilities affected by the hardship
3. Hardship Declaration: Detailed explanation of the nature of financial hardship being experienced and its cause
4. Financial Assessment: Current income, expenses, assets, and liabilities to evaluate the extent of hardship
5. Supporting Documentation: List of required documents to verify hardship claims (e.g., medical bills, termination notice, business closure documents)
6. Requested Relief: Specific type of financial relief being requested (e.g., payment reduction, term extension, interest rate modification)
7. Acknowledgment and Declaration: Applicant's confirmation that all provided information is true and correct, with reference to penalties for false declarations
8. Authorization: Consent for the financial institution to verify information and access relevant records
1. Co-Borrower Information: Details of co-borrowers or guarantors, if applicable to the account
2. Business Information: For self-employed individuals or business owners, details about their business and its financial situation
3. Previous Relief History: Information about any previous hardship relief granted, if applicable
4. Third-Party Authorization: Authorization for a third party to act on behalf of the applicant, if needed
5. Employment Details: Current employment status and history, particularly relevant for employment-related hardship
6. Recovery Plan: Applicant's proposed plan to overcome the financial hardship and resume regular payments
1. Schedule A - Income and Expense Statement: Detailed breakdown of current monthly income and expenses
2. Schedule B - Asset and Liability Declaration: Comprehensive list of all assets owned and debts owed
3. Schedule C - Required Supporting Documents Checklist: Checklist of all required supporting documentation based on hardship type
4. Appendix 1 - Terms and Conditions: Standard terms and conditions applicable to the hardship relief program
5. Appendix 2 - Privacy Notice: Information about how the applicant's personal and financial information will be used and protected
6. Appendix 3 - Relief Options Guide: Detailed explanation of available hardship relief options and their implications
Relevant legal definitions
Clauses
Relevant Industries
Banking
Financial Services
Credit and Lending
Insurance
Microfinance
Consumer Finance
Real Estate and Mortgages
Educational Institutions
Healthcare Finance
Retail Banking
Relevant Teams
Credit and Collections
Risk Management
Customer Service
Legal and Compliance
Operations
Account Management
Loan Processing
Customer Relations
Financial Advisory
Debt Recovery
Branch Operations
Document Processing
Relevant Roles
Credit Officer
Loan Officer
Collections Manager
Risk Assessment Officer
Customer Service Representative
Financial Advisor
Branch Manager
Compliance Officer
Legal Counsel
Account Manager
Debt Restructuring Specialist
Customer Relations Manager
Financial Hardship Coordinator
Credit Risk Analyst
Banking Operations Manager
Find the exact document you need
Work Liability Release Form
A Philippine-compliant legal document that establishes a voluntary waiver of liability between employer and employee for specific work activities while maintaining mandatory worker protections.
Download
Summer Camp Waiver
A Philippine-compliant legal waiver for summer camps that covers liability, medical authorization, and participant consent, aligned with local child protection laws.
Download
Personal Injury Release Of Liability Form
A Philippine law-governed document that releases a party from liability for personal injury claims, incorporating local legal requirements and settlement terms.
Download
Minor Waiver Release Form
A Philippine-compliant legal waiver form releasing organizations from liability for activities involving minors, with parent/guardian authorization and emergency provisions.
Download
Liability Release Waiver Form
A Philippine law-compliant waiver form that releases liability for potential risks and injuries, structured according to local civil code requirements.
Download
Church Liability Release Form
A Philippine-law governed liability release form protecting churches from claims arising from participation in church activities and events.
Download
Liability Waiver Form For Church Event
A Philippine law-compliant liability waiver form protecting religious organizations from claims arising from church-sponsored events and activities.
Download
Homeowner Release Of Liability Form For Contractor
A Philippine law-compliant document that releases contractors from future liability claims after completing residential construction or renovation work, subject to specified terms and conditions.
Download
Contractor Liability Release Form
A Philippine law-governed document that releases contractors from future liability claims for completed work, requiring proper notarization and compliance with local regulations.
Download
Restaurant Waiver Form
A Philippine-compliant restaurant waiver form obtaining customer consent for dining risks and limiting establishment liability within legal boundaries.
Download
Product Liability Waiver Form
A legal document under Philippine law that limits product liability while maintaining consumer protections required by local regulations.
Download
Financial Hardship Waiver Form
A Philippine-compliant form for requesting financial hardship relief from credit obligations, aligned with BSP regulations and local banking laws.
Download
Unsafe Vehicle Waiver Form
A Philippine-compliant waiver form acknowledging risks and accepting liability for operating vehicles with known safety issues.
Download
Release Waiver
A legal document under Philippine law where one party waives their right to bring claims against another party for specified activities or circumstances.
Download
General Release
A Philippine law-governed agreement where one party releases another from claims and liabilities, providing a comprehensive resolution of potential disputes.
Download
Estate Waiver Form
A Philippine legal document where an heir formally renounces their rights to specific estate properties or inheritance claims under Philippine law.
Download
Employer Liability Waiver
A Philippine law-compliant agreement where an employee acknowledges and accepts specific employment-related risks while preserving statutory rights and protections.
Download
Employer Release Of Liability
A Philippine-compliant legal agreement protecting employers from future employee claims while maintaining fair employment practices under local labor laws.
Download
Release Of Liability Form Auto Repair
A Philippine-compliant liability release form for auto repair services that protects both repair shops and customers while adhering to local consumer protection laws.
Download
Daycare Waiver Of Liability
A Philippine-compliant liability waiver document for daycare facilities, establishing service parameters and risk acknowledgment between childcare providers and parents/guardians.
Download
Mechanic Liability Waiver
A Philippine-law compliant liability waiver protecting mechanics and repair service providers while maintaining fair practices and consumer rights.
Download
Rider Waiver Form
A Philippine-compliant liability waiver form for riding activities that protects operators while maintaining participant rights under local law.
Download
Safety Liability Waiver
A Philippine-compliant Safety Liability Waiver document that establishes risk acknowledgment and liability limitations between service providers and participants.
Download
Release Of Liability For Construction Work
A Philippine law-compliant document that releases contractors and construction professionals from specific liabilities related to their construction work, subject to local legal requirements and safety regulations.
Download
Personal Training Waiver
A Philippine-law compliant waiver document protecting personal trainers and clients in training relationships, incorporating risk acknowledgment and liability releases.
Download
Waiver And Release Of Liability Form
A legal document under Philippine law where one party waives their right to sue another for potential injuries or damages related to specific activities or services.
Download
Gym Liability Waiver Form
A Philippine-compliant liability waiver form for gym facilities, protecting operators while ensuring clear risk communication to members.
Download
Supplier Release Form
A Philippine law-compliant document that formally releases a supplier from specified obligations and liabilities arising from a business relationship.
Download
Claim Waiver
A Philippine law-governed document that formally records the voluntary relinquishment of legal rights or claims by one party in favor of another.
Download
Work Injury Waiver Form
A Philippine-compliant legal document for documenting workplace injury settlements and associated waivers between employers and employees, subject to local labor laws.
Download
Basic Waiver Form
A legally binding document under Philippine law where one party voluntarily relinquishes specific legal rights or claims against another party.
Download
Party Waiver Form
A Philippine-law governed document where one party voluntarily waives specific legal rights or claims against another party, typically used in activities involving inherent risks or potential liability.
Download
Trampoline Waiver Form
A Philippine-compliant liability waiver form for trampoline facilities that obtains participant acknowledgment of risks and releases the facility from liability for ordinary negligence.
Download
Swimming Pool Waiver
A Philippine-compliant swimming pool waiver and release of liability document protecting facility operators while informing users of risks and responsibilities.
Download
Vehicle Accident Release Of Liability Form
A legally binding document under Philippine law that releases a party from future claims and liability arising from a specific vehicular accident.
Download
Youth Sports Waiver Form
A Philippine-compliant waiver form for youth sports participation, incorporating liability releases and parental consent requirements under local law.
Download
Work Liability Waiver Form
A Philippine law-compliant liability waiver form for workplace activities that balances employer protection with worker rights under local labor laws.
Download
Sports Waiver Form
A Philippine-compliant waiver form protecting sports organizations from liability while ensuring participant acknowledgment of risks and responsibilities.
Download
Simple Release Of Liability Form
A Philippine law-compliant document that releases one party from liability for potential injuries or damages during specified activities, creating a legally binding waiver of the right to sue.
Download
Property Damage Waiver Form
A Philippine law-compliant legal document where a party waives their right to claim property damages against a property owner/operator.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)