In re Moola Lending Corp.

August 1, 2019 SEC-CGFD ORDER NO. 169-19 IN THE MATTER OF: MOOLA LENDING CORPORATION (FORMERLY: H LENDING BY HOVONO, INC.) (SEC REG. NO. CS201422111) FOR : Violation of R.A. 9474, Otherwise Known as the Lending Company Regulation Act of 2007 and Its Implementing Rules and Regulations, Republic Act No. 3756, Otherwise Known as the Truth in Lending Act and SEC Memorandum Circular No. 7, Series of 2011 ORDER WHEREAS , in an Order dated 23 May 2019 (the "Order"), the Corporate Governance and Finance Department ("CGFD") revoked Moola Lending Corporation's ("Moola") Certificate of Authority to Operate as a Lending Company (CA No. 1659, issued in the name of H Lending by Hovono, Inc.) in the above-titled case; WHEREAS , a copy of the Order was served by personal delivery to Moola's counsel of record on 24 May 2019, in accordance with Part I, Rule IV Sec. 4-4 of the 2016 Rules of Procedure of the Securities and Exchange Commission ("2016 Rules"); WHEREAS , per records of the Commission, no appeal, motion for reconsideration, or petition for certiorari was filed within the period fixed in the 2016 Rules or The Revised Rules of Court ("Rules of Court"); WHEREFORE , in view of the foregoing, and in accordance with Part IV, Rule II, Sec. 2-4 (a) of the 2016 Rules, the Order revoking the Certificate of Authority to Operate as Lending Company of Moola Lending Corporation (CA No. 1659, issued in the name of H Lending by Hovono, Inc.) is FINAL AND EXECUTORY . Let the Order be entered in the Book of Entries of Judgments of the CGFD, in accordance with Part IV, Rule II, Sec. 2-4 (b) of the 2016 Rules, in relation to Rule 36 of the Rules of Court. SO ORDERED . Pasay City, Philippines, August 1, 2019. (SGD.) RACHEL ESTHER J. GUMTANG-REMALANTE Officer-in-Charge